Published 24 October 2017, by Zeenat Vallie
CAPE TOWN – African Equity Empowerment Investment’s subsidiary, Premier Fishing and Brands Limited has today released their audited financial results for the year ended August 31, 2017. The distinguished food and fishing group revealed new acquisitions as well as overall company growth.
The vertically integrated fishing group has ticked all the right boxes during their 2017 financial year. A meagre 8 months after listing on the JSE, the Premier Foods announced that its year on year profit after tax increased by 31% from R52 million to R68 million.
“I am pleased at the results for this financial year and I wish to congratulate the Premier team on the efficiency as well as maintaining their focus on growth, development and sustainability. The growth plans for the fishing Group is taking place in earnest as expected and we look forward to the output and growth that this will generate in the future”, said Group CEO of majority shareholder, African Equity Empowerment Investments Limited (AEEI) and Deputy Chairman of Premier, Khalid Abdulla.
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