Net result Acomo before non-recurring items increases by 69% to € 6.1 million
Date:
Aug 31, 2010
Net profit first half year 2010 after non-recurring items: € 4.0 million (+11%)
Main points first half 2010
Amsterdam Commodities N.V. (Acomo) achieved a net result before non-recurring items of € 6.1 million for the first six months of 2010, a 69% increase compared with the same period last year (HY 2009: € 3.6 million). This result reflects the continued strong performance of the spice and food ingredients activities and the good results of the tea and seeds activities acquired in May 2010. The tea and seeds figures are included in this consolidation for the two months May and June. After acquisition related costs and the one-time loss on the divestment of the rubber activities, the net profit of the first half year amounted to € 4.0 million, + 11% compared with the same period last year (HY 2009 € 3.6 million).
The half year report 2010
Main points first half 2010
- Favourable market circumstances boost sales and results
- Net profit before acquired businesses: + 26% to € 4.6 million
- Interim-dividend: + 10% to € 0.11 per share (HY 2009: € 0.10)
- May 2010: acquisition of tea and seeds businesses of N.V. Deli Maatschappij
- New activities contribute immediately to the results: net profit May/June € 2.3 million
- June 2010: divestment of minority participation in the rubber trade
- July 2010: Jan ten Kate joins Acomo as CFO
- Continued strong balance sheet and liquidities for further growth
Amsterdam Commodities N.V. (Acomo) achieved a net result before non-recurring items of € 6.1 million for the first six months of 2010, a 69% increase compared with the same period last year (HY 2009: € 3.6 million). This result reflects the continued strong performance of the spice and food ingredients activities and the good results of the tea and seeds activities acquired in May 2010. The tea and seeds figures are included in this consolidation for the two months May and June. After acquisition related costs and the one-time loss on the divestment of the rubber activities, the net profit of the first half year amounted to € 4.0 million, + 11% compared with the same period last year (HY 2009 € 3.6 million).
The half year report 2010
