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REA Holdings nine month crop down year-on-year

By BFN News | 10:06 AM | Thursday 25 October, 2012


The crop of oil palm fresh fruit bunches harvested by REA Holdings (LON:RE.) to the end of September 2012 amounted to 425,173 tonnes. This was slightly lower than the crop for the corresponding period in 2011 of 454,996 tonnes and below the budgeted crop of 499,044 tonnes for the period. Crops for the second half of 2012 have been broadly in line with budget but the group has not yet been able to recover any element of the significant shortfall on budget that was sustained in the first half of the year. Some recovery may still be achieved during the remaining months of the year given the volume of harvestable crop available. At 10:06am: (LON:RE.) R.E.A. Holdings share price was -10.12p at 489.88p Story provided by StockMarketWire.com

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