Peruvian agricultural group Camposol has reported a positive set of results for the opening quarter of 2012, with sales growth of 2.9 per cent on a year-on-year basis to come in at US$37.5m, driven by a rise in sales of asparagus and grapes.
Earning before interest, taxation, depreciation and amortisation (EBITDA) stood at US$3.6m, an increase of 16.3 per cent on the first quarter of 2011, while EBITDA margin stood at 9.6 per cent, up 1.1 per cent.
The group reported on a number of activities that occurred through the opening months of the year, such as the successful issuing of a US$125m senior unsecured notes due 2017, the resignation of Christopher Yetter, and an offer to repurchase shares.
Looking ahead, Camposol said that it was expecting 'good demand' for all fresh produce in general and for avocado specifically in both the US and Europe.
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