Business and Financial Review • Nov 18, 2010
Business and Financial Review
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Rotterdam, 18 november 2010
Amsterdam Commodities (Acomo) meldt dat de activiteiten zich in het derde kwartaal van 2010 verder positief ontwikkeld hebben. De handel was winstgevend en de resultaten bleven in lijn met de gunstige trend van het eerste halfjaar. Er was sprake van hoge volumes en stijgende commodity prijzen.
Catz International bleef sterk presteren. De integratie van de nieuwe dochterondernemingen Van Rees Group en Red River Commodities verloopt gunstig en de resultaten waren conform de bij de acquisitie gestelde verwachtingen. Wij zijn positief gestemd betreffende de activiteiten en de resultaten voor de rest van het jaar en over heel 2010 bekeken.
Begin november werd de eerder aangekondigde acquisitie van King Nuts & Raaphorst in Bodegraven met succes afgerond. De nieuwe dochteronderneming, actief in de handel en distributie van noten en rijstcrackers zal meteen bijdragen tot de winst per aandeel van Acomo.
Directie en commissarissen bevestigen hun verwachting dat 2010 opnieuw een zeer goed jaar voor de aandeelhouders zal worden.
Raad van Commissarissen en Directie
Rotterdam, 18 November 2010
Amsterdam Commodities (Acomo) reports that the activities in the third quarter 2010 continued to develop positively. Trading was profitable and in line with the favourable trend of the first half year. We saw high volumes and increasing commodity prices.
Catz International continued its strong performance. The integration of the new group subsidiaries Van Rees Group and Red River Commodities continued positively and the
results were in line with the expectations at the time of the acquisition. We are positive about the activities and the results for the remainder of the year and for 2010 overall.
The earlier announced acquisition of King Nuts & Raaphorst B.V. in Bodegraven was closed successfully in the beginning of November. The new activities in the trade and distribution of nuts and rice crackers will contribute immediately to Acomo's earnings per share.
Management and Supervisory Board confirm their earlier expectation that 2010 will again be a very good year for the shareholders of Acomo.
The Supervisory Board and management
Notes to editors For further information, please contact:
Amsterdam Commodities N.V. (Acomo) De heer S.G.J. Holvoet WTC, Beursplein 37, 8e etage Rotterdam
Tel. +31 10 4051195 Fax +31 10 4055094
www.acomo.net
Creative Venue public relations De heer F. Witte, woordvoerder Vliegtuigstraat 26 1059 CL Amsterdam
Tel. +31 20 4525225 Fax +31 20 4528650
www.creativevenue.nl
(zie pressroom)
Amsterdam Commodities N.V. (Acomo) is an international group with its principal business the trade and distribution of agricultural products.
Our main trading subsidiaries are Catz International B.V. in Rotterdam (100%, spices and food raw materials) , Van Rees Group in Rotterdam (100%, tea), Red River Commodities Inc. in Fargo, USA (100%, confectionary sunflower seeds), King Nuts & Raaphorst B.V. in Bodegraven (100%, nuts) and TEFCO & Snick EuroIngredients in Bodegraven and Beernem, Belgium (100%, food ingredients).
www.acomo.net
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