Agriterra agrees unsecured $1.7m term loan with major shareholder
15th Nov 2023 14:11
(Sharecast News) - Africa-focussed agricultural company Agriterra announced an unsecured term loan agreement worth $1.7m on Wednesday, with its majority shareholder Magister Investments.
Read moreAgriterra inks trade finance deal with major shareholder
18th Aug 2023 08:23
(Sharecast News) - African agricultural specialist Agriterra announced a trade finance deal with Magister Investments on Friday, which holds a 50.58% stake in the company.
Read moreAgriterra gets $7.9m cash boost from major shareholder
29th Jul 2022 16:20
(Sharecast News) - Agricultural company Agriterra announced a "significant" injection of new funds from its major shareholder on Friday.
Read moreAgriterra narrows losses per share in tough trading
17th Feb 2017 11:04
(ShareCast News) - African agricultural company Agriterra announced its results for the six months to 30 November 2016 on Friday, with revenue from continuing operations falling to $8.1m from $9.4m year-on-year. The AIM-traded firm posted a gross profit of $0.82m, down from $1.47m, although thanks t
Read moreManagement buyout fails at Agriterra cocoa plantation
16th Jan 2017 16:10
(ShareCast News) - Agriterra advised the market on Monday that, further to its announcements of 5 October 2016 and 6 January 2017, the proposed management buyout transaction of the company's Sierra Leone cocoa assets - held through equity interests in Baranca Tide Limited and West Africa Cocoa Servi
Read moreAgriterra narrows loss despite beef difficulties
18th Nov 2016 10:38
(ShareCast News) - African agricultural company Agriterra announced its audited final results for the year to 31 May on Friday, with a group loss for the year from continuing operations - which excludes the results of the discontinued cocoa operations - of $7.68m, down from $8.21m. The AIM-traded fi
Read moreAgriterra sells aviation assets to fund animal feed expansion
27th Jul 2016 14:04
(ShareCast News) - Agriterra announced on Wednesday that it has agreed the sale of its Beech King Air F-90 plane to a registered aircraft retailer in South Africa for consideration of $0.29m, which is expected to complete within the next few days. The AIM-traded firm said the sale follows the recent
Read moreAgriterra gains on cocoa expansion announcement
19th Sep 2013 13:19
Agriterra's shares edged higher on Thursday after the African agricultural company announced the expansion and development of its cocoa plantation in Sierra Leone. The group has acquired a further 1,600 hectares of land for its cocoa plantation, located 35km south-east of Kenema, bringing the tota
Read moreAgriterra expands cocoa operations in Sierra Leone
13th Feb 2013 08:32
Coffee and chocolate demand showed no signs of slowing down as African agricultural company Agriterra announced Wednesday it had expanded its cocoa and farming operations in Sierra Leone. The company's wholly-owned subsidiary, Tropical Farms, has acquired a 50-year lease with a 21-year extension o
Read moreGroup revenue doubles at pan-African agriculture company Agriterra
12th Dec 2012 13:52
AIM-listed African agricultural company Agriterra has reported that its group revenue rose by 115 per cent to 11.4m dollars in the financial year to November 30th. The group, which has beef ranching, maize buying, processing and farming operations in Mozambique, revealed a raft of developments at i
Read moreResource round-up: Renewable Energy Holdings, Agriterra, ECR Minerals
3rd Oct 2012 12:00
Shares in Renewable Energy Holdings (REH) jumped after wave energy developer, Carnegie Wave Energy, in which REH holds a 9.7 per cent stake, said the first government payment for its Australian Perth Wave Energy Project had been approved. The 248,561 Australian dollar handout was for the completion
Read moreAgiterra ups production estimate on South Omo block
24th Aug 2012 14:04
Agriterra, an AIM-listed pan-African agricultural company, pleased investors after reporting a production estimate of 2,700m barrels on the South Omo block in Ethiopia, in which the firm holds a one-fifth working interest. The estimate follows an independent assessment of the area, which covers 29
Read moreSmall caps round-up: McKay Securities, Agriterra, Iofina ...
25th May 2012 11:55
McKay Securities, a commercial property developer, has re-let its 100,000 square foot large office property in Glasgow city centre to the Student Loans Company, which now occupies the building as its main head office and administration centre. Its existing leases were due to expire in December 2013
Read moreSmall caps round-up: Medusa Mining, Kentz, Central Rand
22nd Feb 2011 14:59
Philippines-focused miner Medusa Mining saw earnings before interest, tax, depreciation and amortisation double to $63.3m in the six months to 31 December 2010 from $31.5m in the second half of 2009. Revenues surged to a record $78.3m from $41.3m the year before, due to increased gold production a
Read moreSmall caps round-up: All Leisure, Wasabi Energy, Nexus...
24th Jan 2011 11:27
Cruise operator All Leisure lost £2.1m in the year ended 31 October compared with a profit of £2.7m in 2009 because of one-off charges linked to the valuation of derivative used for hedging purposes. Turnover rose 12% to £82.6m thanks to a full-year contribution from Hebridean Princess and a first
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