Camposol Holdings has reported its results for the fourth quarter and full-year of 2013, with large year-on-year improvements in sales noted for both periods.
For the fourth quarter sales came in at US$81.3m, up 20.6 per cent on the same period of 2012, while earnings before interest, taxation, depreciation and amortisation (EBITDA) before fair adjustments slumped 20.6.6 per cent to US$16.4m.
For the full year, sales climbed 26.2 per cent to US$231.2m, while EBITDA before fair value adjustments soared 152.7 per cent to US$42.6m - the result of higher volumes of avocados and grapes sold, ad higher prices for asparagus and shrimp.
'The long term growth prospects for exotic fruits and vegetables markets are excellent,' a group statement read. 'Avocados and mangoes are growing, with headroom for increased per capita consumption in key markets.
'In the case of asparagus, although consumption is stable, supply is falling due mainly to reduced exports from China. The Company expects good demand for all fresh produce in general and for avocados specifically in both the United States and Europe.'
