Winter Orange Crop (1585Z)
January 10 2011 - 3:30AM
UK Regulatory
TIDMACHL
RNS Number : 1585Z
Asian Citrus Holdings Ltd
10 January 2011
10 January 2011
Asian Citrus Holdings Limited
("Asian Citrus" or "the Group")
25.5% increase in Winter Orange Crop
Asian Citrus, the largest orange plantation owner and the single
largest orange producer in China, announces that the total Winter
Orange crop yield of the Group's two operational plantations was
approximately 143 698 tonnes, representing an increase of
approximately 25.5% from the Group's total Winter Orange crop yield
in 2009.
The Winter Orange crop from the Group's Hepu Plantation dropped
from approximately 54,511 tonnes last year to approximately 50,517
tonnes in the current year, representing a decrease of
approximately 7.3%, which was due to the ongoing replanting
programme. During the year ended 30 June 2010, 64,194 Winter Orange
trees were removed and replanted with the same number of the Summer
Orange trees.
In addition, the Winter Orange crop from the Group's Xinfeng
Plantation increased from approximately 60,019 tonnes last year to
approximately 93 181 tonnes in the current year, representing an
increase of approximately 55.3%.
In the full year to 30 June 2010, sales of Winter Oranges
produced 49.5% of the revenue from sales of oranges, with Summer
Oranges accounting for the balance.
For further enquires:
Asian Citrus
Eric Sung, Finance Director +852 2559 0323
Seymour Pierce Limited
Nandita Sahgal, Jonathan Wright (NOMAD) 020 7101 8000
Leti McManus, Richard Redmayne, Vineeta
Manchanda (Broking)
Weber Shandwick Financial 020 7067 0700
Nick Oborne, Stephanie Badjonat,
John Moriarty
This information is provided by RNS
The company news service from the London Stock Exchange
END
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