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February 20, 2015

Peru

Camposol Holdings, Ltd.

 

Camposol Holding, Ltd., is the leading agro industrial company in Peru, involved in the harvest, processing and marketing of high quality agricultural products such as avocadoes, asparagus, blueberries, grapes, mangos, peppers, artichokes, tangerines—and shrimp.  It exports them to Europe, the United States and Asia.  It reported sales of $268 million in 2014, up 15.7% from 2013.  Its earning were $34.5 million, 19.1% lower than in 2013, explained by lower volumes of preserved asparagus, lower prices of avocados, shrimp and grapes, as well as increased administrative expenses, mainly due to one-time advisory fees and personnel expenses.  As of December 31, 2014, it maintained a cash balance of $38 million.

 

On November 17th 2014, Camposol acquired INY SA and Pesquera ABC S.A.C., two of the countries largest shrimp farms, which together, in 2014 had revenues in the amount of $43.8 million and earnings $4.9 million.  After these acquisitions, the Company owns approximately 1,300 hectares of shrimp ponds, as well as three shrimp processing plants.

 

Information: Maria Cristina Couturier (mcouturier@camposol.com.pe), Chief Financial Officer, and Maria Elena Olmos (molmosv@camposol.com.pe), Investor Relations Officer, Camposol Holding, Ltd., Av. El Derby 250, Piso 4, Urb. El Derby de Monterrico, Santiago de Surco, Lima, Peru (phone +511-634-4100, fax + 511-475-0789, http://www.camposol.com.pe).

 

Source: GlobeNewsWire.com.  Camposol Holding Ltd. Reports Fourth Quarter and Preliminary Year 2014 Results.  February 20, 2015.

 

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