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Camposol Holding Plc reports First Quarter 2014 Results

May 23, 2014 08:19




 | Source: Camposol Holding Plc.











LIMA, Peru, May 23, 2014 (GLOBE NEWSWIRE) -- Camposol Holding Plc. reported sales of USD 60.5 million in the first quarter of 2014, up 49.0% from Q113 mainly due to an increase in volume sold of frozen mangoes and grapes, as well as increasing prices of preserved white asparagus, fresh mangoes and shrimps.






During the fourth quarter of 2013, EBITDA was USD 7.4 million, 83.9% higher than Q113, explained by higher volumes of frozen mangoes, as well as increasing prices of preserved white asparagus, fresh mangoes and shrimps. EBITDA margin for Q114 increased to 12.2%.





Volume sold during Q114 was 24,359 net MT, up 34.3% from Q113 explained mainly by an increase in volumes of frozen mangoes and grapes.




Average price was USD 2.48 per net KG, up 10.7% from the same period in 2013 mainly explained by an increase in prices of preserved white asparagus, fresh mangoes and shrimps.








As of March 31st 2014, the Company maintained a cash balance of USD 25.…