Feronia Inc. reported audited earnings and operating results for the year ended December 31, 2015. For the period, the company reported revenue of $10.9 million compared to $10.8 million a year ago, primarily from the sale of 13,926 tonnes of CPO at an average price of $714 per tonnes. Net loss was $21 million or $0.39 per share compared to $16 million or $0.28 per share a year ago.

For the period, the company produced 88,572 tonnes of fruit compared to 70,887 tonnes, a year-over-year increase of 25%. The company produced 16,783 tonnes of Crude Palm Oil compared to 13,010 tonnes, a year-over-year increase of 29%. FFB yield per hectare was 8.1 tonnes/ha compared to 7.4 tonnes/ha in last year. Oil extraction rate was 19% compared to 18% a year ago.