Lonrho – 10p

13 November 2012 – interim management statement

The third quarter saw solid performance from Lonrho.  Overall, revenue was up 14.4% to £43.6m (2011: £38.0m).  The three months to 30 September see the company position itself for the final quarter, which is traditionally the strongest.  Export demand from Europe was weaker during the period, reflecting the economic ttoubles, but this was compensated for by stronger and increasing volumes to the US, ASEAN and Chinese markets.  We keep our BUY rating.

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