Camellia PLC Faces Challenges Yet Increases Revenue

Camellia (GB:CAM) has released an update.

Camellia PLC reports a 7% revenue increase to £105.1 million in H1 2024, despite enduring tough market conditions and recording a half-year loss after tax of £14.0 million, compared to a profit of £3.5 million in the same period last year. The company attributes the revenue rise to better performance in agriculture and engineering, although overall results are dampened by higher financing costs and a strong Kenyan Shilling impacting exchange rates. No interim dividend will be paid due to ongoing operating losses, as Camellia continues to streamline its focus on core agricultural business.

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