British agricultural group Camellia Plc (CAM.L) on Friday reported narrower loss in the first half of the year, compared to last year, helped by good results from Malawi and Brazil markets. The company also expects an improved performance for fiscal 2025.
The company posted loss attributable to shareholders of 11.8 million pounds or 429.0 pence per share in the first half of 2025, compared to loss of 13.6 million pounds or 492.4 pence per share in the same period last year.
During the six-month period, pre-tax loss came in at 10.4 million pounds, compared to loss of 11.0 million pounds in the year-ago period. Adjusted loss before tax was 12.9 million pounds, compared to adjusted loss of 11.6 million pounds in the corresponding period of 2024.
Half-yearly revenues rose to 107.7 million pounds from 105.1 million pounds in the previous-year period. EBITDA for the period climbed to 6.2 million pounds from 1.9 pounds last year.
Looking ahead, the company said that its Board expects to see higher full year revenues and an improved trading performance in 2025, in comparison to fiscal 2024.
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