LONDON (Thomson Financial) - Camellia PLC said it trebled its first-half
pretax profit as it included the results from Siegfried Holding AG and BF&M Ltd,
and also sold its stake in Getaz Roman Holding SA.
The company recorded a pretax profit of 12.25 mln stg for the period to June
30, 2007, from 4.27 mln stg a year earlier, on revenues of 74.55 mln stg, a
marginal increase.
The company also announced an interim dividend of 20 pence.
Camellia said it expects overall tea production in the full year to increase
over the previous year, mainly due to high crops in Kenya and Malawi. However,
it said that prices, particularly in Kenya and Bangladesh, are expected to be
lower.
The company added that, as a result of the weakness of the US dollar,
shipping problems and climatic uncertainties, it is difficult to predict the
outcome for the full year.
TFN.newsdesk@thomson.com
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