Produce Investment’s (PIL LN, BUY, T/P 210p) interim profits were well beneath inferred market expectations as delays in the recovery of ex-farm potato prices coincided with unusual costs associated with the company’s implementation of a new ERP system. Interim EBIT fell to £0.2m from £3.4m last year.
24 Mar 2017
Eyeing Up Opportunity
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Eyeing Up Opportunity
Produce Investments (PIL:LON) | 0 0 (-4.6%) | Mkt Cap: 44.6m
- Published:
24 Mar 2017 -
Author:
Chris Wickham -
Pages:
5
Produce Investment’s (PIL LN, BUY, T/P 210p) interim profits were well beneath inferred market expectations as delays in the recovery of ex-farm potato prices coincided with unusual costs associated with the company’s implementation of a new ERP system. Interim EBIT fell to £0.2m from £3.4m last year.