Last C$0.30 CAD
Change Today 0.00 / 0.00%
Volume 0.0
FRN On Other Exchanges
Symbol
Exchange
Venture
OTC US
Berlin
As of 11:19 AM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

feronia inc (FRN) Snapshot

Open
C$0.30
Previous Close
C$0.30
Day High
C$0.30
Day Low
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52 Week High
03/7/14 - C$1.00
52 Week Low
02/12/15 - C$0.30
Market Cap
16.6M
Average Volume 10 Days
175.0
EPS TTM
C$-0.42
Shares Outstanding
55.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for FERONIA INC (FRN)

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feronia inc (FRN) Details

Feronia Inc. operates as a farming and oil palm plantation company in the Democratic Republic of the Congo. It produces and sells crude palm oil, palm kernel oil, and palm kernel expeller to refiners for use in the production of cooking oils, soaps, and other consumer goods, as well as produces rice. The company was founded in 1911 and is based in Toronto, Canada.

3,632 Employees
Last Reported Date: 11/28/14
Founded in 1911

feronia inc (FRN) Top Compensated Officers

Founder and Executive Chairman
Total Annual Compensation: C$159.0K
Chief Financial Officer
Total Annual Compensation: C$130.1K
Chief Operating Officer
Total Annual Compensation: C$164.8K
Consultant
Total Annual Compensation: C$234.9K
Consultant
Total Annual Compensation: C$35.8K
Compensation as of Fiscal Year 2013.

feronia inc (FRN) Key Developments

Feronia Inc. Reports Unaudited Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2014

Feronia Inc. reported unaudited earnings and production results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of $2.9 million against $2.3 million in 2013 including from the sale of 3,040 tonnes of CPO at an average price of $766 per tonne against 2,560 tonnes at $827 per tonne in 2013, 196 tonnes of palm kernel oil at an average price of $1,097 per tonne against 193 tonnes at $784 per tonne in 2013. Net loss attributable to the company was $5.6 million or $0.10 per share, compared to a loss of $2.9 million or $0.10 per share in third quarter of 2013. For the quarter, the company produced 3,071 tonnes of crude palm oil against 1,694 tonnes in 2013 from 16,725 tonnes of fruit against 9,280 tonnes in 2013 a year-over-year increase of 81%. Fresh fruit bunch yield was 1.7 tonnes per ha against 1.6 tonnes per ha a year ago. Oil extraction rate was 18.36% against 18.25% in 2013. For the nine months, the company produced 52,214 tonnes of FFB and 9,582 tonnes of CPO, representing an improvement against the corresponding period in 2013 of 52% and 50% respectively. The majority of the improvements relate to production from Yaligimba which made no contribution during the same time period in 2013.

Feronia Inc. Appoints Frank Braeken as New Independent Director

Feronia Inc. announced that it has appointed Mr. Frank Braeken as an independent director of the Company. In 2011, Mr. Braeken became head of Unilever Africa where he had overall responsibility for the $3 billion operation. After leaving Unilever in 2013, Mr. Braeken became Chief Investment Officer of Amatheon Agri Holding.

Feronia Inc. Signs New Collective Agreement with the Six Unions

Feronia Inc. announced that a new Collective Agreement has been signed with the six unions which represent the over 3,600 employees of its palm oil business in the Democratic Republic of the Congo, Plantations et Huileries du Congo SA (PHC). The formal negotiation commenced in October and was the culmination of several months of preparation, consultation, and preliminary discussions amongst the Company, the representatives of the six unions and their members. The negotiation process focused on achieving common ground on pay, benefits and general terms of employment for both the immediate future and longer term.

 

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