2.- 4. quarter operating cf > 1 mio. aud

Can RLA keep the pace?

RLA generated an impressive operating cash flow 2. - 4.Qu. + 1,075,000 AUD

….This result reflects the reduced cost of harvest as well as the improved terms on which Redisland has been able to purchase oil… (See Cash flow report 4. Qu. 2011/12)

Operating cash flow 2011/12 +700,000 AUD

1. Qu. - 375,000 AUD
2. Qu. + 62,000 AUD
3. Qu. + 773,000 AUD
4. Qu. + 240,000 AUD
Total + 700,000 AUD


Improved buying terms might have already changed:

1. AOA expects Australian farm gate price increase because of poor Australian harvest 2011/12
2. Spanish farm gate prices jump in July because of poor Spanish harvest outlook 2012/13

Spanish drought casting shadow on coming harvest

The Andalusian Federation of Agricultural Cooperative Enterprises (FAECA) says it still expects a 50 percent production drop nationally next season while Jaén and Granada will be worst affected, with respective declines of 70 and 65 percent.

Producer Prices Rally in Spain

The average price for bulk virgin olive oil was €1.67 per kg for the week to July 11 but rose to €1.92 per kg for the week to August 1, though with a lower volume and number of sales.

Red Island’s short term cash flow outlook 2012/13 deteriorates

1. Poor harvest 2011/12 (-45%), external sourcing (quantity + AUD) will go up
2. Farm gate prices up, external sourcing in AUD will go up further
3. Further market share expansion will limit RRP increase


Good luck

WE1