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Australian Agricultural Projects Ltd. ( (AU:AAP) ) has shared an announcement.
Australian Agricultural Projects Ltd reported strong operational progress for the quarter ending 31 December 2024, citing favorable growing conditions and a positive outlook for the upcoming harvest. The company expects an increase in olive oil production, with estimates ranging from 750,000 to 825,000 liters, marking a significant rise from the previous year’s yield due to the biennial cycle and full commercial production post-replanting. Financially, the company reported a surplus operating cash flow and has successfully reduced its debt and shareholder loans, reflecting stable financial management amid high bulk olive oil prices.
More about Australian Agricultural Projects Ltd.
Australian Agricultural Projects Ltd operates in the agricultural industry, focusing on the cultivation and management of olive orchards. The company is involved in producing and managing agricultural projects with a primary product emphasis on olive oil.
YTD Price Performance: 2.50%
Average Trading Volume: 22,949
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$15.11M
Find detailed analytics on AAP stock on TipRanks’ Stock Analysis page.