Dekel Agri-Vision PLC - West Africa-focused agriculture company - Revenue in six months to June 30 up 5.5% year-on-year to EUR15.4 million from EUR14.6 million. Swings to pretax profit of EUR456,000 from EUR70,000 loss. "Stronger year-on-year global crude palm oil prices and higher extraction rates more than offset lower CPO volumes produced and sold during first half," Dekel explains. "CPO prices rallied strongly to over USD850 per tonne in January 2020 but quickly retraced back to as low as USD500 in response to Covid-19 before recently recovering to around USD730 today as global logistics reopened."
Current stock price: 2.78 pence, up 13% on day
Year-to-date change: down 24%
By Eric Cunha; ericcunha@alliancenews.com
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Dekel Agri (DKL)