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DekelOil sees H1 EBITDA materially ahead on improved production

Staff Writer | July 8, 2016
DekelOil Public said it expects to book first-half EBITDA materially higher than the previous-same-period's €2.2m, citing a strong operational performance in the six-month period.
DekelOil   DekelOil is operator of the Ayenouan palm oil project
"In addition, the recent strengthening of the euro against GBP sterling is expected to have a positive impact on DekelOil's results, which are reported in euros," the company said.

DekelOil is operator and 85.75% owner of the profitable and vertically integrated Ayenouan palm oil project in Côte d'Ivoire.

In the half year to end-June, production of crude palm oil was up 30.75% to 28,550 tonnes.

Output of palm kernel oil and palm kernel cake at the firm's new kernel-crushing plant, which began operations in November 2015, was 1,998 tonnes and 2,360 tonnes respectively in the half.