Camellia PLC - Kent-based agriculture and engineering services firm - Says due to number of factors expects to significantly exceed market expectations for annual underlying pretax profit. Says impact of the loss of tea crop in north India due to Covid-19 has led to significantly higher average selling prices than in 2019. Moreover, tea production in Kenya has been higher than anticipated. As such, underlying profit is now expected to be marginally in excess of GBP10 million.
Current stock price: 7,383.00 pence
Year-to-date change: down 16%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Camellia (CAM)