Interim Management Statement

RNS Number : 5328B

Camellia PLC

28 October 2009

 



Camellia Plc

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 July 2009 to 28 October 2009.

The interim report issued on 27 August 2009 has been posted to shareholders and includes a statement from the Chairman. That report, which can be viewed on the company's website (www.camellia.plc.uk), refers to a number of issues that would otherwise be reported in this interim management statement. In addition, on 14 September 2009, the company announced that an agreement had been entered into for the sale of the group's interests in its Chilean operation.

With no significant improvement in the economic environment, the group's operations continue to experience mixed fortunes. Tea prices in India, Bangladesh, Kenya and Malawi have generally remained at higher levels than in previous years although prices have fallen back a little in recent weeks. The effect of the reduction in tea production following the lack of rain earlier in the year, particulary in India and Bangladesh, has been mitigated to some extent by these higher prices. In the UK, the engineering operations continue to experience difficult trading conditions.  

For further enquiries please contact Camellia Plc

Malcolm Perkins, Chairman 

01622 746655

28 October 2009

 

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