26th Jun 2015 07:05
LONDON (Alliance News) - Palm oil company DekelOil Public Ltd on Friday said the components and equipment required to construct the kernel crushing plant as its site in Ivory Coast has arrived in the country.
The plant is a key part of DekelOil's strategy to boost profitability at its Ayenouan project in the country.
"With an expected maximum capital expenditure requirement of EUR1.1m, our expectation is that the KCP will have a highly attractive investment return profile which, by allowing both palm kernel oil and animal feed to be sold in the local market at the factory gate, will materially increase profitability at Ayenouan.
Shares in DekelOil were up 6.6% to 1.333 pence on Friday morning, one of the best performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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