Overview: The above is an extract from the interim financial statements which have been prepared in accordance with the International Financial Reporting Standards (IFRS). The reduced profit has been due mainly to the later than normal start of our avocado season resulting from drought conditions early in the year. Our tea and macadamia operations have both performed better than in the first half of 2014. It is difficult at present to give prospects for the year with such matters as exchange rates and interest rates showing volatility and the economic situation in Europe remains very fragile. Our cash and investment position remain strong. The Directors do not recommend the payment of an Interim Dividend. BY ORDER OF THE BOARD K W Tarplee Chairman 11 August 2015 |
