No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Agricultural business Camellia said on Monday that it expects to report a much-improved trading performance for 2025, moving back towards breakeven after posting a £5.50m loss the previous year.
Camellia said its improved result reflected stronger contributions from Bangladesh, Brazil and Malawi, partly offset by weaker performances in EP Kenya and India.
The AIM-listed firm also stated better crop prices and yields had supported the recovery, alongside early benefits from its value enhancement plan, a mediumterm programme aimed at improving operating results, increasing growth investment and reducing risk across the portfolio.
Camellia will publish full-year results in early May, when it will provide further operational and strategic updates, including progress made under the value enhancement plan.
Camellia also noted that Goodricke Group - its 74%-owned Indian subsidiary - had signed a memorandum of understanding regarding the proposed sale of the Barnesbeg Tea Estate.
As of 0840 GMT, Camellia shares were up 5.21% at 5,250.50p.
Reporting by Iain Gilbert at Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.
