Camposol Holding Plc reports third quarter 2013 financial results
(Thomson Reuters ONE) -
Camposol Holding Plc. reported sales of USD 62.6 million in the third quarter of
2013, up 63.3% from Q312, mainly due to an increase in volume sold of fresh
avocados.
EBITDA of USD 16.1 million, 265.6% higher than in Q312 explained by higher
volumes, mainly in avocados due to favorable weather conditions this year and
the rise of productivity of the young fields.
As of September 30(th) 2013, the Company maintains a Cash Balance of USD 19.7
million.
Volume sold during Q313 was 25,084 net MT, up 64.7% compared to the same period
in 2012, mainly by an increase in volumes of fresh avocados. Average price was
USD 2.49 per net KG, down 0.8% from the same period in 2012.
On September 3rd 2013, DCH purchased 2,704,080 shares from Golden Target Pacific
Limited. The sale price for each share was USD 3.10 as further described in the
announcement made on June 24th 2013.
On September 24th 2013, Oslo Bors, in capacity as take-over supervisory
authority, approved the Mandatory Offer to acquire the shares in Camposol by
Dyer Coriat Holding S.L at a price per share of NOK 25 (the "Offer"). The offer
was valid until October 23th.
DCH received total acceptances for 4,985,550 shares. Together with the
22,046,497 shares already held by DCH, at completion of the Offer, DCH holds
26,992,047 shares in the Company, representing 90.47% of the total shareholding.
On October 15th, Jorge Ramirez resigned to the CFO position. Angel Suarez,
Controller, will be acting as Interim CFO until a new CFO is appointed.
Executive Chairman Samuel Dyer Coriat and Head of Investor Relations Maria Elena
Olmos will host a conference call today, Tuesday October 29(th) at 04:00 pm CET/
09:00 am Lima. For details on the conference call, please see attached
invitation.
Please see the full report and presentation enclosed (or click on the links
below of this release if received by e-mail).
For further information, please contact:
Executive Chairman, Samuel Dyer Coriat
sdyerc(at)camposol.com.pe
Head of Investor Relations, Maria Elena Olmos
molmos(at)gdp.com.pe
Phone: +511 634 7141
About CAMPOSOL
CAMPOSOL is the leading agro industrial Company in Peru, involved in the
cultivation, processing and commercialization of agricultural products such as
asparagus, peppers, avocados, mangos, grapes and easy peelers. These are
exported as fresh, preserved or frozen products mainly to markets in Europe and
the United States of America. CAMPOSOL encompasses a totally integrated business
from the production of raw material in the fields to processing in the
industrial plant and subsequent commercialization in Europe and the United
States. CAMPOSOL has 24,216 own hectares of which about 6,440 are already used
for agricultural purposes, operates in 2 different locations in the Peruvian
coast, and has one fully owned processing plant for fresh, preserved and frozen
products. The Company has on average 10,000 part and full time employees.
Please visit www.camposol.com.pe
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Camposol Q3 2013 Report:
http://hugin.info/138464/R/1738745/583320.pdf
Camposol Q3 2013 Presentation:
http://hugin.info/138464/R/1738745/583319.pdf
Camposol Q3 2013 Invitation:
http://hugin.info/138464/R/1738745/583318.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Camposol Holding Plc. via Thomson Reuters ONE
[HUG#1738745]
Unternehmensinformation / Kurzprofil:
Datum: 29.10.2013 - 08:00 Uhr
Sprache: Deutsch
News-ID 310158
Anzahl Zeichen: 4404
contact information:
Town:
Lima 13
Kategorie:
Business News
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