Feronia Inc. reported audited earnings and operating results for the year ended December 31, 2016. For the period, the company reported revenue of $16.5 million compared to $10.9 million a year ago, primarily from the sale of 23,293 tonnes of CPO at an average price of $639 per tonnes. Net loss was $11.8 million or $0.04 per share compared to $29.4 million or $0.53 per share a year ago.

For the period, the company produced 109,687 tonnes of fruit compared to 88,572 tonnes, a year-over-year increase of 24%. The company produced 20,726 tonnes of Crude Palm Oil compared to 16,783 tonnes, a year-over-year increase of 23%. FFB yield per hectare was 7.7 tonnes/ha compared to 8.1 tonnes/ha in last year. Oil extraction rate was 19% compared to 19% a year ago.