Cobram Estate Olives (ASX:CBO) said sales in Australia and the US for the four months to Nov. 30 are "performing strongly," according to a Monday filing with the Australian bourse.
The company said packaged goods sales for the same period are ahead of both budget and the previous year's figures despite a 15% price increase on packaged goods in the US in September, the filing said.
The company produced produced 3 million liters of olive oil during its Californian harvest for 2024, representing a 6.4% decline from 2023.
Cobram Estate Olives has increased its debt facilities with the Commonwealth Bank of Australia (ASX:CBA) by AU$40.8 million, the filing added.
The entire facility is now reclassified as a sustainability-linked loan, with interest savings tied to meeting agreed sustainability targets.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.