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IN BRIEF: AEP Plantations says Indonesia floods won’t hurt production

ALN

AEP Plantations PLC - operates sustainable palm-oil plantations in Indonesia and Malaysia - Says the majority of operations have resumed at the PT Cahaya Pelita Andhika estate in Central Tapanuli in North Sumatra, Indonesia, following severe rainfall in late November. All employees and their families are safe, and there have been no major palm tree losses, AEP says. Transport of fresh fruit bunches remains constrained, however, by damage to the main access bridge caused by the flooding. AEP is putting in place interim arrangements for deliveries, and it doesn’t expect the flooding to have a ‘material impact’ on its overall fruit production or financial results.

Current stock price: 1,428.40 pence, up 2.0% in London on Thursday

12-month change: more than doubled from 612.00p

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