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SIP - Sipef NV News Story

€45 -0.3  -0.6%

Last Trade - 13/04/21

Sector
Consumer Defensives
Size
Mid Cap
Market Cap £408.6m
Enterprise Value £482.1m
Revenue £199.4m
Position in Universe 337th / 847

BRIEF-Sipef's 2020 Total Palm Oil Production Grew By 5.4%

Thu 11th February, 2021 7:26am
Feb 11 (Reuters) - SIPEF NV  SIFB.BR :
    * 2020 THE GROUP'S TOTAL PALM OIL PRODUCTION GREW BY 5.4%
COMPARED
WITH 2019
    * ALL THE GROUP’S PRODUCTION UNITS HAVE REMAINED
OPERATIONAL,
WITHOUT LOSS OF VOLUME OR YIELD, DESPITE COVID-19
    * 2020 NET RESULT, SHARE OF THE GROUP, AFTER TAX, AMOUNTED
TO KUSD
14 122
    * 2020 TOTAL CAPITAL EXPENDITURES AMOUNTED TO KUSD 51 763
    * PROPOSES TO APPROVE A GROSS DIVIDEND OF EUR 0.35 PER SHARE
    * EXPANSION OF THE PROCESSING CAPACITY OF THE DENDYMARKER
PALM OIL
MILL IN SOUTH SUMATRA WAS POSTPONED TO 2021
    * START-UP OF A 'BIOCOAL' PLANT FOR HIGH CALORIFIC VALUE
PELLETS
IN NORTH SUMATRA IS ANTICIPATED FOR THE END OF FEBRUARY 2021
    * 2020 TOTAL REVENUE INCREASED TO USD 274 MILLION (+10.4%
COMPARED
WITH 2019)
    * 2020 PALM OIL REVENUE INCREASED BY 12.6%
    * 2020 THE OPERATING RESULT AMOUNTED TO KUSD 30 778 AGAINST
KUSD 4
940 THE PREVIOUS YEAR
    * PRODUCTION OF PALM OIL IS EXPECTED TO INCREASE BY MORE
THAN 10%
COMPARED TO THE VOLUMES PRODUCED IN 2020
    * SIPEF HAS TO DATE SOLD 36% OF ITS EXPECTED PALM OIL
PRODUCTION
FOR 2021
    * 2021 PALM OIL PRODUCTION: SALE DONE AT AN AVERAGE PRICE OF
USD
827 PER TONNE CIF ROTTERDAM EQUIVALENT

Source text for Eikon:  ID:nNDL84pfq8 
Further company coverage:  SIFB.BR 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00 ;))
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