Camposol Holding Releases Strong Q2 Financial Report
PERU - Camposol Holding has released its Q2 financial report and with volume up 68.3% and sales up 55.6% compared to its numbers from Q2 of 2013, financial experts certainly like what they're seeing.
Some highlights from Camposol's financial report include:
Volume of 31.786 net metric tons, a 68.3% increase from 2013 Q2, the majority of which comes from increased volumes of fresh avocados
Average price of $2.29 per net kilogram, down 7.7% from 2013 Q2
Total sales of $72.8M, up 55.6% from 2013 Q2
A $18M increase in avocado gross margin numbers, due to increased price and volume sold
165.5% increase in EBITDA to $16.3M
The company's forward looking guidance statements reveal that Composol Holding's expectations for the long term growth prospects for exotic fruits and vegetables are especially strong, especially for fresh avocados, blueberries, asparagus and grapes. According to its financial release, due to the expected effects of El Nino, Camposol does reveal it expects asparagus volumes to decline by about 25% going forward, however it says that almost all of this decline will be offset by increasing asparagus prices. Similarly avocado prices are expected to fall in the future, but with increasing volume for avocado production Camposol does not expect to be strongly effected.
Congratulations on an excellent Q2 Camposol Holding. I'll be looking forward to more good news from Camposol in the future.