New Britain Palm Oil Ltd. (NBPO.L) announced its financial results for the year ended 31 December 2008, reporting profit attributable to equity holders of US$21.25 million or US$0.147 per share, compared to profit attributable to equity holders of US$86.94 million or US$0.600 per share in the last year.
Excluding the effect of revaluing biological assets under IAS 41, the company posted net earnings attributable to ordinary shareholders of US$74.84 million or US$0.517 per share, compared to US$58.77 million or US$0.406 per share in the prior year.
The company's annual revenues increased about 56.6% to US$352.2 million, from US$225.0 million in the previous year.
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