Feronia Inc. Reports Audited Earnings and Operating Results for the Year Ended December 31, 2016
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.