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NBPOLNew Britain Palm Oil Limited (Papua New Guinea)
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The increase was due to the MYR6.0bn debt-funded acquisition of New Britain Palm Oil Limited (NBPOL) in FY15, as well as low CPO prices and poor performance of the industrial business (mainly the heavy equipment business), which squeezed EBITDA margin.
Palm oil producer New Britain Palm Oil Limited (NBPOL) (LSE:NBPO) has acquired full control of Kula Palm Oil Limited (KPOL), the company announced today.
New Britain Oils Ltd is the fully owned UK refining subsidiary of New Britain Palm Oil Limited one of the world's largest fully integrated suppliers of sustainable palm oil.
NBOL, via its parent company New Britain Palm Oil Limited, has plantations in Papua New Guinea which are certified as being sustainable by the international Roundtable of Sustainable Palm Oil criteria.
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