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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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15 Apr 2014 09:59

AfriAg To Start Equity Swap Settlement Payments In June

LONDON (Alliance News) - AfriAg PLC Tuesday said it had agreed to slightly modify the terms of the equity swap agreement it did with YA Global Master SPV Ltd last September, and monthly settlement payments will be deferred and now start June 1 and run for 12 months until May 31, 2015. It sa

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4 Apr 2014 08:47

AfriAg Shares Jump As Logistics Investment Gets Off To Good Start

LONDON (Alliance News) - AfriAg PLC shares rose Friday after it reported a strong start for its fledgling agricultural produce logistics investment and said the outlook remains positive. AfriAg bought 40% of logistics unit AfriAg SA (Pty) Ltd from Paul de Robillard last year, its first inve

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26 Mar 2014 13:25

AfriAg Says Logistics Unit Expanding Truck Fleet To Meet New Orders

LONDON (Alliance News) - AfriAg PLC Wednesday said the agri-logistics unit in which it owns a 40% stake is expanding its fleet of Mercedes articulated trucks to 14, from six, and has already taken delivery of the first five new trucks after winning new contracts. In a statement, the agricul

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23 Oct 2013 09:31

AfriAg Makes About GBP201,000 Worth Of New Investments

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7 Oct 2013 13:51

AfriAg To Help Deliver South African Fruits To British Retailers

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27 Sep 2013 14:16

AfriAG Pretax Losses Narrow On Lower Admin Expenses

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20 Sep 2013 10:45

AfriAg In Deal With IAG To Fly Its Cargoes Out Of Africa

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19 Sep 2013 09:05

Rare Earth Minerals Appoints Kiran Mozaria As CEO, Donald Strang as CFO

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12 Sep 2013 09:01

AfriAg Raises Funding Through Placing, Equity Swap

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