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Brexit boost adds spice to bumper production at Dekeloil

Dekeloil’s (LON:DKL) interim underlying profits will be ‘materially’ above last year, says Lincoln Moore, after a stellar performance from its new kernel crushing plant and unexpected currency bonus from Brexit.
Palm oil production in the Ivory Coast rose by 30% in the latest half year, but this was overshadowed by the kernel crushing plant says executive director Moore.
From an investment of €1.1mln, the new kernel crushing plant should make underlying profits or EBITDA of €1.4mln in its full year of production, he says.
Production of palm oil from its now 86%-owned mill, meanwhile, continues to ramp up and the currency issues that affected demand from important customer Nigeria have also eased.

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