Anglo-Eastern Plantations Plc reports a 6% increase in own production of fresh fruit bunches for Q3 2020

 

Anglo-Eastern Plantations Plc (LON: AEP) has released a trading update in respect of the third quarter of 2020.

  • The company’s own production of fresh fruit bunches increased by 6 per cent for the first nine months ended 30 September 2020 to 812,460mt as compared to 765,240mt reported in 9 months of 2019.
  • Fresh fruit bunches bought-in declined by 6 per cent to 651,030mt, as compared to 690,470mt in the same period last month, it was primarily due to the intense competition for external fresh fruit bunches.
  • As of 30 September 2020, the group had net cash of $90.2million as compared to $81.2 million for 3Q 2019.

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