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An announcement from Camellia ( (GB:CAM) ) is now available.
Camellia PLC has revised its 2024 trading forecast, anticipating better than expected performance with adjusted losses now projected between £4-5 million, an improvement from the previously forecasted £7-9 million. This positive adjustment is attributed to improved results from Eastern Produce Kenya due to higher timber valuation and better market pricing, as well as an uplift in tea stock valuation in India, alongside increased interest income and foreign exchange benefits from the sale of BF&M.
More about Camellia
Camellia PLC is involved in the agriculture industry, with a focus on producing tea and other agricultural products through its subsidiaries like Eastern Produce Kenya and Indian operations.
YTD Price Performance: 0.0%
Average Trading Volume: 771
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £131.4M
For an in-depth examination of CAM stock, go to TipRanks’ Stock Analysis page.