MARKET DEVELOPMENT
Anglo-Eastern Plantations Sees Profitability Remains Inline With Management View
Anglo-Eastern Plantations Sees Profitability Remains Inline With Management View
03/06/2014 (RTT News) - Anglo-Eastern Plantations Plc. (AEP.L) said it anticipates that Crude Palm Oil price will remain generally stable due to the increase in demand from biodiesel and modest levels of industry output. The Board remains cautious but expects profitability and cash flow to remain in line with management forecasts for the remainder of 2014.
For the first four months ended 30 April 2014, own production of fresh fruit bunches or "FFB" was 247,400mt, an increase of 18% compared to the same period in 2013. FFB bought in was 194,600mt, 97% higher in comparison with the same period in 2013. Total Crude Palm Oil or CPO produced was 89,200mt, 38% higher than the corresponding period in 2013 due tohigher volume of FFB processed by the five mills.
For the first four months ended 30 April 2014, own production of fresh fruit bunches or "FFB" was 247,400mt, an increase of 18% compared to the same period in 2013. FFB bought in was 194,600mt, 97% higher in comparison with the same period in 2013. Total Crude Palm Oil or CPO produced was 89,200mt, 38% higher than the corresponding period in 2013 due tohigher volume of FFB processed by the five mills.