Hardman & Co Research: Strong production continues; deferred 1H pref. dividend

Hardman & Co Research 
Hardman & Co Research: Strong production continues; deferred 1H pref. dividend 
 
18-Jun-2019 / 13:24 GMT/BST 
 
*Hardman & Co Research: Strong production continues; deferred 1H pref. 
dividend* 
 
REA's FY'18 results showed a marked recovery in the group's FFB production, up 
50.8% YoY, to a record level of 800,050mt; CPO production increased by over 
51%, to 217,721mt. However, revenue was up only 5.2%, to $105.5m ($100.2m); 
crop growth was strong but results were significantly dampened due to 
commodity prices, with the palm oil price hitting a 10-year low, at $440/mt, 
in November 2018. The CPO price suffered a 17% drop to an average $596/mt for 
2018, and the PKO price plunged 27.2% for the year. With the PBJ transaction 
completed, REA is focusing on raising production efficiency and planting out 
the remaining land bank should funding become available. 
 
https://www.hardmanandco.com/research/corporate-research/strong-production-con 
tinues-deferred-1h-pref-dividend/ [1] 
 
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826703 18-Jun-2019 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=63f7ee7cba03ba32626c55008cfed5a2&application_id=826703&site_id=vwd&application_name=news 
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(END) Dow Jones Newswires

June 18, 2019 08:24 ET (12:24 GMT)