UK's Anglo-Eastern Plantations falls on weak annual results

AEP Plantations

30/04/2024 10:37

** Shares in Anglo-Eastern Plantations  ANEA.L  down 6% at
720p
    ** Stock is second-biggest loser on FTSE smallcaps  .FTSC 
index  
    ** Indonesia- and Malaysia- focused palm oil producer posts
17% fall in annual rev and 41% fall in profit before tax
    ** Lower rev and profit due to fall in crude palm oil and
fresh fruit bunches prices 
    ** Stock on track to log worst day of losses since April
2022, if trend holds
    ** Stock up ~6% so far this year

 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))