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DekelOil Reports Big Increases in Palm Oil Production
calendar06-05-2015 | linkInteractive Investor | Share This Post:

06/05/2015 (Interactive Investor) - DekelOil Public, operator and 51% owner of an established palm oil project in Côte d'Ivoire, has announced that total crude palm oil ('CPO') production in the first four months of the year has already surpassed 14,242 tonnes, the production level achieved in 2014.

This includes a record monthly production of 4,818 tonnes for April at the company's 60 t/hr CPO extraction Mill, which is one of West Africa's largest. DekelOil's executive director, Lincoln Moore, said: "Our production and sales continue to go from strength to strength and we are delighted to have exceeded 2014's total production in just four months into the current year and to have another month of record production.

"This significant achievement demonstrates our strong commitment to delivering on our strategy to increase production at our Mill towards its 70,000 tonnes per annum capacity and we are confident we will continue to hit our future milestones.

"In tandem with increasing production, we are focused on maximising profitability through the construction of a kernel crushing plant later this year, and via the ongoing roll out of our company-owned estates which we expect to positively impact our margins."

At 3:13pm: (LON:DKL) DekelOil Public Ltd share price was +0.25p at 1.27p