R.E.A Holdings logo

RE. - R.E.A Holdings News Story

172.5p 0.0  0.0%

Last Trade - 19/11/19

Sector
Consumer Defensives
Size
Small Cap
Market Cap £75.6m
Enterprise Value £251.3m
Revenue £87.9m
Position in Universe 1048th / 1846

BRIEF-R.E.A Holdings HY Pretax Loss Of $29.5 Mln

Fri 20th September, 2019 7:51am
Sept 20 (Reuters) - R.E.A Holdings PLC  REAH.L :
    * DESPITE CONTINUING GOOD PRODUCTION, RESULTS FOR SIX MONTHS
TO 30
JUNE SEVERELY DEPRESSED BY WEAK CPO AND CPKO PRICES
    * RESULTS FOR SECOND HALF OF 2019 SHOULD SHOW A MATERIAL
IMPROVEMENT
    * HY REVENUE UP 17 PER CENT TO $56.6 MILLION (2018: $48.2
MILLION)
    * HY PRE-TAX LOSS OF $29.5 MILLION (2018: PROFIT OF $1.3
MILLION)
    * CPO PRICES EXPECTED TO INCREASE FURTHER AS GLOBAL DEMAND
FOR
VEGETABLE OILS INCREASINGLY OUTSTRIPS SUPPLY
    * RECENT COST REDUCTION AND IMPROVED EFfiCIENCY MEASURES,
INCLUDING
WORKFORCE REDUCTIONS, EXPECTED TO ACHIEVE SOME SAVINGS IN H2

Source text for Eikon:  ID:nEQ86TDzBa 
Further company coverage:  REAH.L 

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