RNS Number : 3363W
New Britain Palm Oil Limited
30 January 2012
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30 January 2012
New Britain Palm Oil Limited
("NBPOL" or the "Company")
NOTIFICATION OF FULL YEAR RESULTS
New Britain Palm Oil Limited (LSE: NBPO), one of the world's largest fully integrated producers of sustainable palm oil, will announce its full year results for the period ended 31 December 2011 on Friday 24 February 2012.
An analyst briefing for the Company will take place at 9.15am for a 9.30am start at the offices of Kreab Gavin Anderson:
Scandinavian House
2-6 Cannon Street
London, EC4M 6XJ
Those analysts wishing to attend are kindly asked to contact James Benjamin or Clotilde Gros at Kreab Gavin Anderson on nbpol@kreabgavinanderson.com or by telephone on +44 (0) 20 7074 1800.
Enquiries:
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Kreab Gavin Anderson (PR Adviser)
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Tel: +44 (0) 20 7074 1800
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James Benjamin
Clotilde Gros
Richard Constant
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Email: nbpol@kreabgavinanderson.com
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Website: www.nbpol.com.pg
Notes to editors:
NBPOL is a large scale integrated industrial producer of sustainable palm oil in Australasia, headquartered in Papua New Guinea ("PNG"). It has over 75,000 hectares of planted oil palm estates, a further 5,000 hectares under preparation for oil palm, over 8,000 hectares of sugar cane and a further 9,500 hectares of grazing pasture (some of which will be converted to oil palm in due course); eleven oil mills; two refineries, one in PNG, and one in Liverpool, UK; and a seed production and plant breeding facility. The Company is quoted on both the Main Market of the London Stock Exchange and on the Port Moresby Stock Exchange in PNG.
NBPOL is fully vertically integrated, producing its own seed (which it also sells globally), planting, cultivating and harvesting its own land, and processing and refining palm oil (both in PNG and the UK). It also contracts directly with its end customers in the EU and arranges shipping of its products.
NBPOL has high regard for the importance of its sustainability credentials and is active in proving its performance through its certification to ISO 14001 and its close involvement and support of the Roundtable on Sustainable Palm Oil ("RSPO"). The Company is a certified supplier of sustainable palm oil from the entire production base in West New Britain Province in PNG, at RAIL in PNG, and from its entire Solomon Islands estate, under the RSPO guidelines.
In September 2011, the World Economic Forum ("WEF") identified New Britain Palm Oil Limited as one of 16 out of a study of 1,000 companies from across the developing world that are best showing how to grow profits at the same time as actively tackling environmental and social challenges. Describing NBPOL, the WEF report says that "the company has developed new ways to engage small farmers, who provide one-third of the company's supply. These close ties have not only helped to reduce poverty, but also enabled the company to develop one of the world's first fully traceable palm oil supply chains."
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This information is provided by RNS
The company news service from the London Stock Exchange
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