Business
Interim Results - 6 months ended 30 June 2019
Interim Results - 6 months ended 30 June 2019.
About this update from Aep Plantations Plc
[{"type":"text","content":"\n \nRNS Number : 6576J Anglo-Eastern Plantations PLC 20 August 2019 \n\nAnglo-Eastern Plantations PLC \n(\"AEP\", \"Group\" or \"Company\")\n \nAnnouncement of interim results for the six months ended 30 June 2019\n \nThe group comprising Anglo-Eastern Plantations PLC and its subsidiaries (the \"Group\"), is a major producer of palm oil and rubber with plantations across Indonesia and Malaysia, amounting to some 128,200 hectares, and has today released its results for the six months ended 30 June 2019.\n \nFinancial Highlights\n \n\n\n\n\n \n\n\n2019\n6 months\nto 30 June\n$m\n(unaudited)\n\n\n \n\n\n2018\n6 months\nto 30 June\n$m\n(unaudited)\n\n\n \n\n\n2018\n12 months\nto 31 December\n$m\n(audited)\n\n\n\n\nRevenue\n\n\n97.9\n\n\n \n\n\n133.3\n\n\n \n\n\n250.9\n\n\n\n\n(Loss) / Profit before tax\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n - before biological assets (\"BA\") movement\n\n\n(0.2)\n\n\n \n\n\n21.7\n\n\n \n\n\n33.2\n\n\n\n\n - after BA movement\n\n\n1.6\n\n\n \n\n\n22.0\n\n\n \n\n\n30.9\n\n\n\n\n \nBasic Earnings per ordinary share (\"EPS\")\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n - before BA movement\n\n\n(6.72)cts\n\n\n \n\n\n30.37cts\n\n\n \n\n\n32.50cts\n\n\n\n\n - after BA movement\n\n\n(3.74)cts\n\n\n \n\n\n30.90cts\n\n\n \n\n\n28.79cts\n\n\n\n\nTotal net assets\n\n\n472.7\n\n\n \n\n\n463.8\n\n\n \n\n\n464.6\n\n\n\n\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 (UK) Limited\n\n\n \n\n\n\n\nDominic Morley\n\n\n+44 (0)20 7886 2954\n\n\n\n\n \n \n \nChairman's Interim Statement\n \nThe interim results for the Group for the six months to 30 June 2019 are as follows: \n \nRevenue for the six months to 30 June was $97.9 million, 27% lower than $133.3 million reported for the first six months of 2018. The Group's gross profit was $5.3 million compared to $25.2 million for the first six months of 2018. Overall profit before tax for the first half of 2019 decreased by 93% to $1.6 million (after BA movement) versus $22.0 million for the correspond...