Business
Half-year Report
Half-year Report.
About this update from Dekel Agri-vision Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3494A\n Dekel Agri-Vision PLC\n 29 September 2020\n \n \n \n \n \n \n \n Dekel Agri-Vision Plc / Index: AIM / Epic: DKL / Sector: Food Producers\n \n \n \n \n \n Dekel Agri-Vision Plc ('Dekel' or the 'Company')\n \n \n 2020 Interim Results and Shareholder Call\n \n \n \n \n \n Dekel Agri-Vision Plc, the West African focused agriculture company, is pleased to announce its interim results for the six months ended 30 June 2020. \n \n \n \n \n \n The Company will be hosting a shareholder conference call at 1pm UK time on 6 October 2020. The call will be hosted by Executive Director, Lincoln Moore and Deputy CEO Shai Kol, who will discuss the interim results and provide an update on activity across its portfolio of projects. Further information about the call can be found at the end of this announcement, as well as in the presentation, which will be uploaded to the corporate website prior to the conference call.\n \n \n \n \n \n Financial Overview \n \n \n As set out in the table below, with Revenues up 5% to €15.4 million; EBITDA up 36% to €1.9million; net profits up from a loss of €0.1m to positive €0.4m - the Company's first half financial performance has been a highly creditable one, particularly when set against the backdrop of COVID-19. \n \n \n \n \n \n \n \n \n \n \n \n \n \n H1 2020\n \n \n \n \n H1 2019\n \n \n \n \n % change\n \n \n \n \n \n \n Revenue\n \n \n \n \n €15.4m\n \n \n \n \n €14.6m\n \n \n \n \n 5.5%\n \n \n \n \n \n \n Gross Margin\n \n \n \n \n €2.6m\n \n \n \n \n €2.3m\n \n \n \n \n 13.0%\n \n \n \n \n \n \n Gross Margin %\n \n \n \n \n 16.8%\n \n \n \n \n 15.7%\n \n \n \n \n 7.0%\n \n \n \n \n \n \n G&A\n \n \n \n \n (€1.4m)\n \n \n \n \n (€1.5m)\n \n \n \n \n 7.1%\n \n \n \n \n \n \n EBITDA\n \n \n \n \n €1.9m\n \n \n \n \n €1.4m\n \n \n \n \n 35.7%\n \n \n \n \n \n \n Net profit / (loss) after tax\n \n \n \n \n €0.4m\n \n \n \n \n (€0.1m)\n \n \n \n \n Na\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Production - palm oil project, Ayenouan Côte d'Ivoire\n \n \n · \n Stronger year on year global Crude Palm Oil ('CPO') prices and higher extraction rates more than offset lower CPO volumes produced and sold during H1 2020\n \n \n · \n 19.21% increase in average rea...