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Pin to quick picksDekel Agri Share News (DKL)

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TRADING UPDATES: DX opens new depots; Tern hails new order for Wyld

Mon, 13th Mar 2023 21:02

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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Dekel Agri-Vision PLC - West Africa-focused agriculture company, with portfolio of projects in the Ivory Coast at various stages of development - Reports fresh fruit bunch volumes processed in February fall 31% to 9,418 tonnes from 13,683 tonnes a year prior. Crude palm oil sales reduce 43% to 2,102 tonnes from 3,660 tonnes. CPO production falls by 28% to 2,198 tonnes from 3,057 tonnes. However looking ahead, company says that fresh fruit bunches have "improved materially over the past 2 weeks". It adds that CPO prices remain close to record levels of EUR984 per tonne.

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DX Group PLC - Slough, England-based logistics company - Opens two new depots in Berkshire and Wiltshire, which DX says will serve its Express division, particularly Parcels operations. Explains that the new site openings are part of its ongoing GBP20 million to GBP25 million investment programme planned, with the sites planned to open during the current financial year ending July 1. Chief Executive Officer Paul Ibbetson says: "Our parcels activity has grown significantly in the last two years, and these new depots will increase capacity, improve efficiency and enhance the division's customer service levels."

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Molecular Energies PLC - Argentina and US-focused oil and gas production company, with additional exploration assets in both Argentina and Paraguay - Notes Argentinian subsidiary President Petroleum SA posts annual pretax profit of over USD19 million for 2022. Meanwhile, Molecular's exploration well in Paraguay remains on track to spud in May.

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Neometals Ltd - minerals and materials project development company - Pretax loss in the first half of financial year 2023 to December 31 balloons to AUD13.7 million from AUD3.5 million a year prior. Basic interim loss per share widens to 2.34 Australian cents from 0.52 cents a year ago.

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Symphony Environmental Technologies PLC - Hertfordshire-based developer of sustainable plastics and rubber - Expects 2022 revenue at GBP6.2 million, downgraded from its previous expectation of GBP6.5 million. Meanwhile, receives a GBP1 million loan from Sea Pearl Ventures Ltd. Company adds that the hearing date at the general court of the EU in Luxembourg has been set for next week Monday. The hearing is in regards to Symphony's case over the EU's single use plastics directive. In December 2020, Symphony said that it "has been advised by three barristers, all experts in EU law, that this part of the directive is confusing and illegal". The legal action is for financial damages against the Commission, Parliament and Council of the EU, Symphony explains.

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Tern PLC - Investor focused on the internet of things - Receives SEK9.2 million order, about GBP700,000, from a South African company for the Wyld Data service, of which it holds 40% equity. The customer is a company focused on deploying soil moisture sensors to optimise irrigation and automate scheduling systems for agriculture. Further, Tern notes it has no exposure to or relationship with Silicon Valley Bank or SVB UK. It adds that it does not expect the exposure of portfolio companies to SVB to have a significant impact on its net asset value.

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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24 Jan 2023 10:10

Dekel Agri-Vision starts cashew production on interest acquisition

(Alliance News) - Dekel Agri-Vision PLC on Tuesday said that it plans to start full commercial production of the Cashew Operation this year, after acquiring the remaining interest in the Ivory Coast project.

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11 Jan 2023 09:30

CORRECT: Getech signs deal; AfriTin confirms name change

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10 Jan 2023 21:34

TRADING UPDATES: Getech signs deal; AfriTin confirms name change

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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9 Dec 2022 12:34

IN BRIEF: Dekel Agri-Vision output in palm oil falls 43% in November

Dekel Agri-Vision PLC - palm oil and cashew grower in West Africa - November fresh fruit bunches processed declines 44% year-on-year. Crude palm oil production down 43%, citing "unusually high" production in November 2021, and CPO sales are down 2.7%. Average CPO price per tonnes improves by 9.1% to EUR1,043 from EUR956 a year prior.

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11 Nov 2022 15:24

TRADING UPDATES: De La Rue defends chair; Resolute Mining fundraise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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10 Nov 2022 14:18

Dekel confident as palm oil production continues recovery

(Sharecast News) - West African palm oil and agriculture company Dekel Agri-Vision reported a 26.1% month-on-month improvement in fresh fruit bunches processed in October on Thursday, to 7,661 tonnes, although that was down 34% from a year ago.

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10 Oct 2022 13:21

Dekel Agri-Vision production volume improves; cashew project develops

(Alliance News) - Dekel Agri-Vision PLC on Monday reported continuing monthly increases in production but said this remained well below last year's record levels

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22 Sep 2022 10:56

Dekel Agri-Vision interim profit rises on surging palm oil price

(Alliance News) - Dekel Agri-Vision PLC on Thursday reported a rise in interim profit despite falling revenue as the palm oil price jumped.

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22 Sep 2022 10:15

AIM WINNERS & LOSERS: Learning Tech jumps on interim profit surge

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

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12 Sep 2022 15:21

Dekel Agri-Vision reports 39% annual drop in palm oil output in August

(Alliance News) - Dekel Agri-Vision PLC on Monday reported a drop in crude palm oil sales but anticipates establishing a second revenue stream shortly in August trading update.

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16 Aug 2022 17:52

IN BRIEF: Dekel Agri-Vision uses bond facilities to refinance debt

Dekel Agri-Vision PLC - West Africa-based agriculture company - Uses EUR9.2 million from EUR15.2 million received from seven-year bond facility to pay off debt. Uses EUR3.6 million to pay AgDevCo Ltd, which cuts its debt to the African agriculture investor by 50%.

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10 Aug 2022 12:40

Dekel Agri-Vision reports reduced crude palm oil output for July

(Alliance News) - Dekel Agri-Vision PLC on Wednesday reported a drop output and sales for its crude palm oil project and plans underway for increased cashew project production.

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28 Jul 2022 20:54

TRADING UPDATES: Virgin Wines loses fizz; M&C revenue improves

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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25 Jul 2022 19:40

TRADING UPDATES: SSE issues green bond; Bank of Cyprus staff exits

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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25 Jul 2022 12:46

Dekel makes final drawdown from seven-year bond facility

(Sharecast News) - West Africa-focussed agriculture company Dekel Agri-Vision announced the completion of an oversubscribed final drawdown of €9.2m (£7.81m) from the €15.2m seven-year bond facility it first announced on 19 and 26 January last year.

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