Equatorial Palm swinging up in the breeze

Equatorial Palm Oil (EPO) says its palm oil processing mill in Liberia has been completed.

The news has seen the shares gain 15% in morning trading, with the firm claiming production has now increased to full capacity of 5 tonnes per hour.

EPO expects sales to be made both in country and internationally.

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Michael Frayne, the company's Chairman, said the development was a key milestone:

"In addition to revenues from production of crude palm oil, the mill serves as an excellent training and development facility for our employees as we roll out our large scale planting programme."

Over the last year Equatorial Palm Oil has dropped 47% in value.

BS