Brief: Cobram Estate Olives Announces Company Update And Commencement Of 2022 Olive Harvest

Cobram Estate Olives

04/05/2022 02:41

May 4 (Reuters) - Cobram Estate Olives Ltd  CBO.AX :
    * COMPANY UPDATE AND COMMENCEMENT OF 2022 OLIVE HARVEST
    * EXPECTING YIELDS FROM 2022 AUSTRALIAN CROP TO BE IN LINE
WITH,
OR SLIGHTLY BETTER THAN FORECASTS
    * PACKAGED GOOD SALES WERE STRONG IN Q3 FY2022
    * COST PRESSURES BEING FELT IN SOME AREAS BUT PARTIALLY
OFFSET BY
LOWER COST OF WATER
    * NO MATERIAL DISRUPTIONS TO SUPPLY CHAINS WERE EXPERIENCED
DURING
QUARTER
    * STRONG CASHFLOW FROM OPERATIONS IN 1H EXPECTED TO CONTINUE
IN 2H
FY2022
    * STILL EXPECT TWO-YEAR ROLLING AVERAGE EBITDA AND GROUP
SALES TO
INCREASE COMPARED TO THOSE REPORTED FOR PERIOD TO 30 JUNE

Source text for Eikon:  ID:nASXbsbh4Z 
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 ((Reuters.Briefs@thomsonreuters.com;))