OCE
OCE
Oceana Group Limited - Trading Statement
Oceana Group Limited
(Registration number: 1939/001730/06)
JSE Share Code: OCE
NSX Share Code: OCG
ISIN: ZAE000025284
("Oceana" or "the Company")
TRADING STATEMENT
Shareholders are advised that headline earnings per share for the six months
ending 31 March 2006 are expected to be between 5% and 15% higher than the
comparative figures for the six months ended 31 March 2005. An improved
contribution is expected from the horse mackerel and lobster businesses, offset
by a lower contribution from the canned fish and fish meal operations which are
being affected by poor fishing conditions.
Earnings per share are expected to be between 60% and 80% higher than those for
the six months ended 31 March 2005, mainly as a result of the non recurrence in
2006 of the significant restructuring and closure costs of the Namibian hake
operations which adversely affected the 2005 results.
Shareholders are also advised that this increase does not necessarily give an
indication of earnings for the full year to
30 September 2006. Factors such as fishing seasonality and the fluctuation in
exchange rates affect profitability.
The forecast financial information on which this Trading Statement is based has
not been reviewed and/or reported on by the company"s auditors.
Cape Town
09 February 2006
Sponsor
Standard Bank
Date: 09/02/2006 03:30:10 PM Produced by the JSE SENS Department
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