Commercial Cold Storage Logistics Group Limited

31 Oct

Oceana expects earnings to decrease

ObserverObserver MoneyCommercial Cold Storage Logistics Group Limited

CHAMWE KAIRA Oceana Group Limited, which is listed on the Namibia Stock Exchange and Johannesburg Stock Exchange, has said basic earnings per share (EPS) and basic headline earnings per share (HEPS) are not expected to differ by 20% or more from the financial results for the year ended 30 September 2023. The group said it believes it is prudent to provide earnings guidance to shareholders, taking into consideration the non-recurring effect of the prior year profit on disposal of Commercial Cold Storage Logistics Group Limited (CCS) and the group’s strong first half performance. Oceana said the profit on disposal of…

19 Sep

Oceana’s hit by lower horse mackerel sales

ObserverObserver MoneyCommercial Cold Storage Logistics Group Limited, Wild Caught Seafood

CHAMWE KAIRA Oceana Group Limited said in results for 11 months ended 25 August 2024 that horse mackerel performance in Namibia was negatively impacted by a combination of lower sales volumes, resulting from decreased catch rates, and weaker market prices. In addition, vessel operating costs rose by 19% due to the lower catch rates impacting cost recovery and higher fuel costs stemming from the use of higher priced intermediate fuel oil for the entire period. The group disposed of its interest in Commercial Cold Storage Logistics Group Limited (CCS) and realised a profit of N$477 million before taxation and N$381…