Winter Crop Update (1704V)
January 09 2012 - 3:30AM
UK Regulatory
TIDMACHL
RNS Number : 1704V
Asian Citrus Holdings Ltd
09 January 2012
9 January 2012
Asian Citrus Holdings Limited
("Asian Citrus" or "the Company")
19.4% 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 171,607 tonnes, representing an increase of
approximately 19.4% from the Group's total Winter Orange crop yield
of approximately 143,698 tonnes in 2010.
The Winter Orange crop from the Group's Hepu Plantation dropped
from approximately 50,517 tonnes last year to approximately 44,906
tonnes in the current year, representing a decrease of
approximately 11.1%, which was due to the ongoing replanting
programme. During the year ended 30 June 2011, 63,584 Winter Orange
trees were removed and replanted with the same number of the Summer
Orange trees.
The Winter Orange crop from the Group's Xinfeng Plantation
increased from approximately 93,181 tonnes last year to
approximately 126,701 tonnes in the current year, representing an
increase of approximately 36.0%.
In the year to 30 June 2011, sales of Winter Oranges generated
54.6% of the revenue from sales of oranges, with Summer Oranges
accounting for the balance.
For further information contact:
Asian Citrus
Eric Sung, Finance Director +852 2559 0323
Seymour Pierce Limited
Nandita Sahgal, Jonathan Wright (NOMAD) 020 7101 8000
Richard Redmayne, (Broking)
Weber Shandwick Financial
Nick Oborne/John Moriarty/Stephanie
Badjonat 0207 067 0700
This information is provided by RNS
The company news service from the London Stock Exchange
END
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