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Final Results & Notice of AGM (Replacement)
Final Results & Notice of AGM (Replacement).
About this update from Panther Metals Plc
[{"type":"text","content":"\n \nRNS Number : 0366L Asian Plantations Limited 01 July 2014 \n \n\nThe following amendment has been made to the 'Final Results & Notice of AGM' announcement released on 01 July 2014 at 7:00a.m. under RNS No 9969K.\n \nThe words \"unaudited preliminary\" were changed to \"audited\" in the first line of the Chairman's Statement\n \nAll other details remain unchanged. The full amended text is shown below.\n \n \nAsian Plantations Ltd\n(\"APL\" or the \"Company\")\n \nFinal Results for the year ended 31 December 2013\n & Notice of Annual General Meeting\n \nAsian Plantations Limited (LSE: PALM), a palm oil plantation company with operations in Malaysia, is pleased to announce its audited results for the year ended 31 December 2013.\nHighlights\n§ US$23,763,000 of revenue reported (2012: US$2,820,000), an increase of 742 per cent based on the production and sale of 26,584 tonnes of crude palm oil (CPO), 5,604 tonnes of palm kernel nuts (PK) and 12,455 tonnes of fresh fruit bunches (FFB). In 2014, the Company projects the sale of 45,000 tonnes of CPO, 10,000 tonnes of PK and over 20,000 tonnes of FFB.\n \n§ Completion of the Company's land consolidation strategy with the closure of the Grand Performance Sdn Bhd acquisition on 21 August 2013.\n \n§ Issuance of RM155,000,000 (US$49,800,000) of fixed income notes on 15 March 2013 which completed the Company's Medium Term Note Programme. On 23 August 2013, Issuance of the last tranche of the convertible bond to OCBC Bank; the convertible bond issuances were US$15,000,000 in total with an implied conversion price of 286 pence per share.\n \nGraeme Brown, APL's Joint Chief Executive Officer, commented\n\"We are pleased with the results for 2013 which reported substantial revenue growth. Taking account of our performance to date we look forward to the future with confidence\nIn addition to its final results for 2013, the Company announces that the Annual General Meeting (\"AGM\") relating to is financial year ended 31 December 2013 will be held at The American Club at 10 Claymore Hill, Singapore 229573 on 25th August 2014 at 11:00 am (local time). The AGM notice is available for download from the Company's website at www.asianplantations.com\nThe Company's Annual Report and Accounts for the year ended 31 December 2013 have be...