Dekel Agri-Vision PLC - West African-focused agriculture company - In February, crude palm oil output was up 43% year-on-year to 5,162 tonnes from 3,615 tonnes in the same month the year before.
Sales increased 36% to 4,754 tonnes from 3,501 tonnes the prior year, while the average price per tonne rose 17% to EUR792 from EUR676.
"We have made a terrific start to the financial year due to a combination of global prices trading at multi-year highs and a strong start to the peak harvest season. In addition, the construction of the large-scale cashew project at Tiebissou is advancing well. Commissioning is currently scheduled for June 2021, and we expect as this operation settles, it will drive a further step up in financial performance over the next 12-24 months," said Executive Director Lincoln Moore.
Current stock price: 4.85 pence, up 5.4% on Wednesday
Year-to-date change: up 13%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Dekel Agri (DKL)