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09 Jul 2019 | 08:56

DekelOil gets construction of cashew nut processing plant underway

Agricultural company DekelOil said construction on its raw cashew nut processing project in the Ivory Coast was underway and would take 12 months to complete with first production expected in June 2020. Once operational, Tiebissou will be DekelOil's second producing project in Cote d'Ivoire, alongside its Ayenouan palm oil project. The company also said it had received confirmation that the project qualified for the new tax incentive scheme, which was expected to generate cash savings of approximately €350,000 during the construction phase.

At 8:56am: (LON:DKL) DekelOil Public Ltd share price was 0p at 3.05p

Story provided by StockMarketWire.com
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