REG - Camellia PLC - Trading Update

CamelliaAnnouncement

30/01/2025 07:00

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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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