Lucky Star owner Oceana gets boost from record global fish oil prices

Shares in fishing group Oceana rallied almost 5% at one point Friday morning after it said record global fish oil prices are expected to help lift its basic headline earnings by 60% in its half-year to end March.

A strong operating performance in the US, and the weaker rand, contributed to the group delivering a 13% increase in revenue for the five months ended 25 February, it said in an update. A strong showing in the US helped to offset pressure in SA, including due to consumer strain.