AEP revenue and profit rise on Pinago acquisition; outlook positive
AEP reported revenue up 8.3% to $249.7 million and profit before tax up 5.1% to $65.8 million, aided by the Pinago acquisition. Cash and cash equivalents were $109.5 million. Outlook stays positive with firm CPO prices expected.
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Revenue grew 8.3% to $249.7 million, driven by the Pinago acquisition and higher production. Profit before tax rose 5.1% to $65.8 million, including a $9.1 million one-time gain. CPO prices are expected to remain firm, with full-year expectations unchanged.Original document: AEP Plantations Plc [AE…
Revenue grew 8.3% to $249.7 million and profit before tax rose 5.1% to $65.8 million, aided by the Pinago acquisition.
Cash and cash equivalents stood at $109.5 million after significant capital deployment, and the outlook remains positive with firm CPO prices expected.Original document: AEP Planta…