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Ocean Harvest Technology Group Outperforms Expectations

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Ocean Harvest Technology Group, a leading animal feed-additive manufacturer, announced on Monday that its performance in the first half of the year exceeded expectations. The company’s board is confident in achieving market expectations for 2023.

Impressively, Ocean Harvest Technology Group reported a remarkable 65% year-on-year increase in product revenue, amounting to approximately 1.6 million euros ($1.8 million). This growth can be attributed to a combination of factors including acquiring new customers, expanded business with existing customers, and an overall increase in average selling prices.

With the successful completion of its IPO during this period, Ocean Harvest Technology Group is now focused on further investments in research and development, sales and marketing, as well as strengthening its supply chain to sustain and drive future growth. Chief Executive Mark Williams expressed enthusiasm for what lies ahead, stating, “We look forward to the future with confidence.”

As a result of this positive news, shares in the company listed on the London Stock Exchange saw a surge of 5%, equating to an increase of 0.75 pence per share. As of 0745 GMT, the shares were valued at 15.75 pence.

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