Camellia PLC Trading Update
30 January 2025 - 6:00PM
RNS Regulatory News
RNS Number : 1959V
Camellia PLC
30 January 2025
Camellia Plc
Trading Update
for 2024
30 January 2025
Camellia Plc announces an improved forecast for
the year ended 31 December 2024. Trading is now expected to be
ahead of previously communicated market expectations. Adjusted
losses for 2024 are forecast in the range of £4-5 million, down
from the previous £7-9 million. This improvement is primarily the
result of better than forecast results in Eastern Produce Kenya and
in its Indian companies and increased interest income and foreign
exchange benefits following the successful sale of
BF&M.
Eastern Produce Kenya
Results from Eastern Produce Kenya (EPK) were
better than previously forecast due to higher valuation of the
standing timber, driven by better market pricing, and lower
provisions.
India
The results from our Indian companies'
operations were higher than previously forecast primarily due to a
year-end tea stock valuation uplift, based on an improved sales
outlook in 2025.
ENQUIRIES
Camellia
Plc
01622 746655
Byron Coombs Chief Executive
Officer
Oliver Capon, Chief Financial
Officer
Panmure
Liberum
020 7886 2500
Nominated Adviser and Broker
Emma Earl
Rupert Dearden
H/Advisers
Maitland
PR
William
Clutterbuck
07785 292617
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END
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