Interim Management Statement

RNS Number : 9169D

Camellia PLC

30 March 2011

 

Camellia Plc

Interim Management Statement

30 March 2011

Interim Management Statement

This statement is made in accordance with Rule 4.3 of the UK Listing Authority's Disclosure and Transparency Rules and covers the period from 1 January 2011 to 30 March 2011. 

Tea prices have remained firm but crop production is reduced as a result of dry weather in Kenya and Malawi. India and Bangladesh normally produce very low crops at this time of the year.

Macadamia prices are improved on the same period last year but crops are reduced as a result of adverse weather conditions.

Our operations in Brazil have benefitted from the increase in the sale prices of maize and soya beans.

The group's UK engineering operations have had a difficult start to 2011 due to the heavy snow in January but some recovery was witnessed in February and opportunities for new business continue to arise.

Associated Cold Stores and Transport continue to suffer from over capacity in the cold storage industry.

Duncan Lawrie has enjoyed a reasonable start to the year in their asset management business but banking continues to earn low margins as a result of the current low interest rates.

Camellia Plc will announce its results for the year ended 31 December 2010 on 28 April 2011. 

For further enquiries please contact Camellia Plc

Malcolm Perkins, Chairman

01622 746655

30  March 2011

 

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