Feronia Inc. Reports Audited Earnings and Operating Results for the Year Ended December 31, 2015
For the period, the company produced 88,572 tonnes of fruit compared to 70,887 tonnes, a year-over-year increase of 25%. The company produced 16,783 tonnes of Crude Palm Oil compared to 13,010 tonnes, a year-over-year increase of 29%. FFB yield per hectare was 8.1 tonnes/ha compared to 7.4 tonnes/ha in last year. Oil extraction rate was 19% compared to 18% a year ago.