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REA Holdings operating profits up

By BFN News | 03:20 PM | Friday 22 August, 2014

R.E.A. Holdings posts a pre-tax profit of $17.1m for the six months to the end of June against a loss of $2.5m last time. REA said that after the village disruptions of 2012 and the consequent loss in the first half of 2013, the recovery reported in the second half of 2013 has been sustained. REA says that excluding one off gains arising from exchange rate movements in the second half of 2013, the profits for the first half of 2014 are much in line with those reported in the second half of 2013 on a broadly similar level of group crop. Sales revenues rose to $66.4m from $46.3m while operating profits increased to $24.5m from $3.0m a year ago. At 3:20pm: (LON:RE.) R.E.A. Holdings PLC share price was -0.12p at 434.88p Story provided by

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