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AfriAg jumps on strong first half performance

Tue, 04th Aug 2015 10:41

(ShareCast News) - Shares in AfriAg jumped almost 8% early on Tuesday, after the investment group reported strong performances for the first six months of 2015.The London-listed company said that approximately 907,000kg of perishable produce was transported by air in the first half to the end of June, which represented a 40% year-on-year increase to the volume it air-freighted in the corresponding period in 2014.The group added that it expects its performances to pick up in the second half, as they tend to be typically quieter in the first six months of the year, indicating the weakness of the South African rand against the pound and the euro is boosting its export business."We are now seeing strong growth from AfriAg's agri-logistics business, AfriAg SA, in southern Africa as the business becomes more established," said group executive chairman David Lenigas.AfriAg shares were up 7.94% to 0.367p at 1001 BST on Tuesday.
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18 Oct 2018 11:49

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25 Jan 2016 12:43

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21 Dec 2015 11:00

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21 Dec 2015 08:48

David Lenigas Retires From 5 AIM Companies To Focus On Cuba Business

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28 Sep 2015 14:20

AfriAg Applies For Admission To Trade On ISDX Growth Market (ALLISS)

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25 Sep 2015 16:43

DIRECTOR DEALINGS: AfriAg Chairman David Lenigas Buys 5 Million Shares

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25 Sep 2015 09:02

DIRECTOR DEALINGS: AfriAg Chairman Lenigas Buys 10 Million Shares

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24 Sep 2015 07:44

AfriAg Loss Narrows, Expects Big Ramp Up In Activity In Second Half

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4 Aug 2015 07:29

AfriAg Says First Half Was Strong; Expects Second Half To Be Stronger

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8 Jul 2015 10:13

UK Oil & Gas Investments Makes Sanderson Chairman, Replacing Lenigas

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26 Jun 2015 16:46

AfriAg reports wider pretax loss as revenue overshadowed by costs

AfriAg posted a wider pretax loss in 2014, as administration expenses eclipsed its maiden revenue. The agriculture logistics company's pre-tax loss hit £0.8m for the full-year, compared to just £0.3m in 2013. On top of higher-than-expected admin costs of £0.4m, a further £0.4m was lost on an equity

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26 Jun 2015 10:28

AfriAg Pretax Loss Widens In 2014 Despite Generating Maiden Revenue

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9 Apr 2015 11:53

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