The growth in Oceanus’ revenue was driven largely from its distribution of foodstuffs in China, such as frozen meat.
Oceanus Group has reported higher sales of $85.7 million for 1HFY2022, up 63% over the year earlier six months.
However, because of higher financing and other operating costs, it went into the red with a loss of $818,000, versus earnings of $5 million reported for 1HFY2021.
