Camellia Plc reports revenue of £114.9 million for H1 2020

September 25, 2020 02:00 PM BST | By Team Kalkine Media

Camellia Plc (LON:CAM) has released the results for the six months ended 30 June 2020.

  • The company’s Revenue from continuing operations for the period stood at £114.9 million, lower as compared to £117.3 million for the six months ended 30 June 2019.
  • Underlying loss before tax increased to £6.0 million as compared to £4.1 million in the same period previous year.
  • The increase in loss was primarily due to weak tea prices in Bangladesh, Malawi and Kenya, the direct impact of the pandemic on the food services and engineering operations and lower macadamia profits and prices.
  • On 25 September 2020, at the time of writing, GMT 12:57 PM, CAM shares were trading at GBX 6,700.00, down by 200.00 points or 2.90% against the previous day closing price.

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