VSA Morning Agri Comment
28 Apr 17
REA Holdings (REA), the Indonesian palm oil producer, has released annual results for the period ended 31 December 2016 (FY 2016). Revenue: US$79.3m, -12.4% YoY (FY 2015: US$90.5m); FactSetconsensus was US$83.7m : Loss before Tax ; US$9.3m (FY 2015: loss of US$12.2m*); FactSet consensus was a loss of US$11.5m ; Own Fresh Fruit Bunches (FFB) Harvested: 468,371t, -22.0% YoY (FY 2015: 600,741t) ; Third Party FFB Harvested: 98,052t, -29.3% YoY (FY 2015: 138,657t) ; Crude Palm Oil (CPO) Produced: 127,697t, -21.1% YoY (FY 2015:161,844t) ; CPO Extraction Rate: 22.8% (FY 2015: 22.2%) ; Newly Planted Land: 5,758ha (FY 2015: 2,251ha) ; No dividend declared (FY 2015: Nil)
VSA Morning Alt Energy Comment
24 Apr 17
redT energy (RED LN)# , a developer of vanadium redox flow machines for large-scale energy storage applications, has announced its FY 2016 results for the 12 months ended 31 December 2016. Revenue: €10.8m, -2.7% YoY (FY 2015: €11.1m), VSA estimate was €6.7m: EBITDA: loss of €5.2m (FY 2015: loss of €1.5m), VSA estimate was a loss of €5.4m: Net Cash as of 31 March 2017: €17.2m, following £14.88m gross fundraise in December 2016.