Feronia Inc. Reports Earnings and Production Results for the Second Quarter Ended June 30, 2015
For the quarter, the company produced 23,350 tonnes of fruit compared to 20,083 tonnes a year ago, an increase of 16.3%. Produced 4,534 tonnes of Crude Palm Oil compared to 3,660 tonnes, a year-over-year increase of 23.9%. Fresh fruit bunch yield of 2.14 tonnes per mature hectare compared to 2.09 tonnes per mature ha. Oil extraction rate of 19.4% compared to 18.2% a year ago.