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Anglo Eastern Plantations ( (GB:AEP) ) has provided an announcement.
Anglo-Eastern Plantations Plc reported its audited results for 2024, showing a 0.5% increase in revenue to $372.3 million, driven by higher CPO prices despite a decline in production due to replanting and adverse weather conditions. The company achieved full ownership of its Indonesian subsidiaries, launched Indonesia’s first commercial BioCNG plant, and is rebranding to AEP Plantations Plc to reflect its commitment to sustainability and growth. Additionally, AEP is intensifying replanting efforts to improve long-term yields and is taking proactive measures to align with the European Union Deforestation Regulation, highlighting its dedication to sustainable practices.
More about Anglo Eastern Plantations
Anglo-Eastern Plantations Plc is a producer of palm oil, operating plantations and mills across Indonesia and Malaysia. The company focuses on sustainable palm oil production and is committed to adhering to national and international sustainability standards.
Average Trading Volume: 18,826
Technical Sentiment Signal: Buy
Current Market Cap: £298.7M
For an in-depth examination of AEP stock, go to TipRanks’ Stock Analysis page.