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Final Results
Final Results.
About this update from Aep Plantations Plc
[{"type":"text","content":"\n \nRNS Number : 3910W Anglo-Eastern Plantations PLC 26 April 2016 \n\nAnglo-Eastern Plantations Plc\n(\"AEP\", \"Group\" or \"Company\")\n \nPreliminary announcement of results for year ended 31 December 2015\n \nAnglo-Eastern Plantations Plc, and its subsidiaries are a major producer of palm oil and rubber with plantations across Indonesia and Malaysia amounting to some 128,600 hectares, has today released its results for the year ended 31 December 2015.\n \nFinancial Highlights\n \n\n\n\n\n\n\n\n2015\n$m\n\n\n2014\n$m\n\n\n\n\nRevenue\n\n\n196.5\n\n\n251.3\n\n\n\n\nProfit before tax\n\n\n\n\n\n\n\n\n\n\n- before biological asset (\"BA\") adjustment\n\n\n45.0\n\n\n85.0\n\n\n\n\n- after biological asset adjustment\n\n\n(19.1)\n\n\n51.2\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nEPS before BA adjustment\n\n\n69.39cts\n\n\n132.26cts\n\n\n\n\nEPS after BA adjustment\n\n\n(37.58)cts\n\n\n77.61cts\n\n\n\n\nDividend (pence)\n\n\n1.75p\n\n\n3.0p\n\n\n\n\nDividend (cents)\n\n\n2.5*cts\n\n\n4.5cts\n\n\n\n\n \nNote: * Based on exchange rate at 22 April 2016 of $1.4409/£\n \n \nEnquiries:\n \n\n\n\n\nAnglo-Eastern Plantations Plc\n\n\n\n\n\n\n\nDato' John Lim Ewe Chuan \n\n\n +44 (0)20 7216 4621\n\n\n\n\n\n\n\n\n\n\n\n\nPanmure Gordon & Co.\n\n\n\n\n\n\n\nAndrew Godber\n\n\n+44 (0)20 7886 2500\n\n\n\n\n \n \n \nChairman's Statement\n \nThe Group achieved record production of fresh fruit bunches (\"FFB\") in 2015. The crop production of 900,400mt, was 5% higher than the previous year (2014: 857,400mt) broadly in line with 9% increase in matured trees. The mills similarly recorded the highest purchase of external FFB in recent years. FFB bought-in from surrounding smallholders in 2015 was 678,200mt (2014: 626,200mt), 8% higher, as the Group offered competitive prices for the external crops. The mills as a result processed 9% more FFB, and increased crude palm oil (\"CPO\") production by 9% to 321,400mt (2014: 294,200mt).\n \nFFB harvest in Kalimantan exceeded expectation and was higher than last year's production by 65% as matured trees increased from 4,650ha to 7,790ha. This made up for the lower production in other established regions in North Sumatera, Riau and Bengkulu which were adversely affected by four months of drought cause...