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Pin to quick picksDekel Agri Share News (DKL)

Share Price Information for Dekel Agri (DKL)

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Share Price: 1.20
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Dekeloil Swings To Annual Loss As Palm Oil Prices, Production Falters

Thu, 27th Jun 2019 12:26

(Alliance News) - Dekeloil Public Ltd said Thursday it swung to a loss in 2018 as a poor harvest season led to a drop in crude palm oil production and prices.

The West Africa-focused agricultural company said pretax loss for the year stood at EUR3.2 million, compared with profit of EUR1.7 million the year before. Revenue dropped by 30% to EUR20.9 million from EUR30.2 million.

The average crude palm oil selling price for 2018 was EUR542 per tonne, down from EUR680 the year before.

Production-wise, Dekeloil's Ayenouan palm oil project in Cote d'Ivoire dropped by 15% to 33,077 tonnes of crude palm oil from 38,736 tonnes the prior year, due to a poor region-wide peak harvesting season in the first half of 2018.

Meanwhile, the company said it is progressing with the development of the Tiebissou cashew processing project also in Cote d'Ivoire.

So far, Dekeloil has acquired an initial interest in the project, and has secured an option to raise this to a majority interest.

Looking ahead, Dekeloil said it expects its 2020 financial performance to see a "material increase" in revenue and profitability from its palm oil business, as well as a contribution from its Tiebissou cashew project.

"As previously reported, 2018's unseasonably weak peak harvest and cyclically low global CPO prices conspired to end the run of record full year results we had maintained since our admission to AIM in 2013. Although CPO prices are yet to recover, 2019's peak season saw yields materially increase and as a result, pressure on FFB costs has to a material degree subsided," said Executive Director Lincoln Moore.

Shares in Dekeloil were down 3.8% at 3.08 pence on Thursday.

More News
11 Jul 2022 14:04

IN BRIEF: Dekel Agri-Vision produces less but sale prices skyrocket

Dekel Agri-Vision PLC - West Africa-based agriculture company - Produces less crude palm oil and palm kernel oil in the half-year but prices skyrocket. In the first six months of 2022, crude palm oil production falls 36% to 16,893 tonnes compared to 26,515 tonnes a year ago. Average crude palm oil price however increases 24% to EUR1,013 per tonne from EUR817.

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23 Jun 2022 12:07

IN BRIEF: Dekel Agri-Vision swings to 2021 profit on palm oil prices

Dekel Agri-Vision PLC - West Africa-based agriculture company - Swings to profit in 2021 on rising palm oil prices. Pretax profit stands at EUR916,000, swinging from a loss of EUR2.2 million in 2020. Revenue climbs to EUR37.4 million from EUR22.5 million. Besides its palm oil business, Chair Andrew Tillery sees "considerable progress towards commencement of production from our cashew operation, our second commodity to enter production and a key part of our short and medium term strategies to increase both the scale and diversity of Dekel."

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13 Jun 2022 11:32

IN BRIEF: Dekel Agri-Vision palm oil output falls but prices improve

Dekel Agri-Vision PLC - West Africa-based agriculture company - Says crude palm oil output in May falls 36% annually to 2,167 tonnes from 3,403 tonnes. Sales jump to 4,025 tonnes from 1,071, however. Price per tonne also improves to EUR1,056 from EUR774 a year earlier. "The recent trend of very strong crude palm oil and palm kernel oil prices and exceptionally strong CPO extraction rates offset by weak fresh fruit bunches volumes continued in May," Dekel says. Dekel also updates on its cashew project in Ivory Coast. Dekel says a colour sorter arrived on Sunday, enabling company to "significantly increase production capacity once installed".

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10 May 2022 11:27

AIM WINNERS & LOSERS: Versarien signs Umbro deal; Dekel sales tumble

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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10 May 2022 10:42

Dekel Agri-Vision shares fall again as palm oil output weakens

(Alliance News) - Dekel Agri-Vision PLC shares tumbled on Tuesday after the company warned of continued crude palm oil production weakness in April.

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11 Apr 2022 14:59

IN BRIEF: Dekel Agri-Vision shares fall on drop in oil production

Dekel Agri-Vision PLC - West Africa-based agriculture company - Says crude palm oil production in March at its Ayenouan palm oil project in Ivory Coast, West Africa, was 51% lower compared to a year before. Says it achieved a crude palm oil price of EUR996 per tonne in March, up 26% year-on-year. Notes that palm kernel oil production fell 29% year-on-year to 235 tonnes from 329 tonnes in March.

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10 Mar 2022 12:04

Dekel Agri-Vision falls as oil production drops year-on-year

(Alliance News) - Dekel Agri-Vision PLC said on Thursday its production of crude palm oil and palm kernel oil dropped in February.

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10 Mar 2022 11:15

AIM WINNERS & LOSERS: Dekel production drops; boohoo sales grow

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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10 Feb 2022 12:19

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6 Jan 2022 12:58

Dekel starts cashew production at Tiebissou plant

(Sharecast News) - West Africa-focussed agriculture company Dekel Agri-Vision announced the start of cashew production by its large-scale cashew processing plant at Tiebissou in Côte d'Ivoire on Thursday.

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6 Jan 2022 12:08

IN BRIEF: Dekel Agri-Vision starts cashew production; awaits equipment

IN BRIEF: Dekel Agri-Vision starts cashew production; awaits equipment

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9 Dec 2021 19:44

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9 Dec 2021 15:22

Dekel set to end year strong at Ayenouan palm oil project

(Sharecast News) - West African agriculture company Dekel Agri-Vision updated the market on production at its Ayenouan palm oil project on Thursday, reporting a 74.4% year-on-year increase in November - the highest monthly like for like uplift in production for the year thus far.

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10 Nov 2021 18:22

TRADING UPDATES: Permanent TSB sells loan portfolio; Dekel output up

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