Dekel Agri-Vision interim profit rises on surging palm oil price

Dekel Agri-Vision PLC on Thursday reported a rise in interim profit despite falling revenue as the palm oil price jumped.

Dekel Agri-Vision is a palm oil and cashew grower in West Africa.

Pretax profit in the six months to June 30 rose by 25% to €2.5 million from €2.0 million a year prior. Revenue however fell by 9.3% to €19.7 million from €21.7 million. Cost of revenue narrowed to €14.7 million from €16.8 million. Finance costs decreased to €881,000 from €1.1 million.

Dekel Agri-Vision PLC (LON:DKL) aspires to become a leading agro-industrial company in West Africa, one that creates value for shareholders whilst at all times placing the interests of the local communities and environment in which it operates in at the heart of its operations.

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