Posting of Report & Accounts (9732S)
November 29 2011 - 7:30AM
UK Regulatory
TIDMAGTA
RNS Number : 9732S
Agriterra Ltd
29 November 2011
Agriterra Ltd / Ticker: AGTA / Index: AIM / Sector:
Agriculture
29 November 2011
Agriterra Ltd ('Agriterra' or 'the Company')
Posting of Annual Report & Accounts
Agriterra Ltd, the AIM listed company focussed on the
agricultural sector in Africa, announces that its Annual Report for
the year ended 31 May 2011 has been posted to shareholders. The
Annual Report is also available to download from the Company's
website at www.agriterra-ltd.com.
** ENDS **
For further information please visit www.agriterra-ltd.com or
contact:
Andrew Groves Agriterra Ltd Tel: +44 (0) 20 7408
9200
Jonathan Wright Seymour Pierce Ltd Tel: +44 (0) 20 7107
8000
David Foreman Seymour Pierce Ltd Tel: +44 (0) 20 7107
8000
Hugo de Salis St Brides Media & Finance Tel: +44 (0) 20 7236
Ltd 1177
Susie Geliher St Brides Media & Finance Tel: +44 (0) 20 7236
Ltd 1177
Notes
Agriterra Ltd is an AIM listed agricultural company with three
divisions: beef, maize and cocoa. Its cattle ranching business,
Mozbife, currently has a 2,350 strong herd, a land holding of over
16,000 hectares, a feedlot and an abattoir which is under
construction but will have a capacity of 4,000 head per month. In
addition to product from its own herds, it is anticipated that
throughput for these facilities will be supplemented using cattle
bought in from local communities.
The Company's maize buying and milling operations, DECA and
Compagri, are located in Chimoio and Tete in central and
north-western Mozambique respectively. These collect maize from
circa 350,000 farmers using the Company's own vehicle fleet,
process it into mielie meal, the African staple, and then sell it
back to the local market, into supermarkets and to the World Food
Programme. Combined sales for the year ended 31 May totalled 28,822
tonnes maize meal generating revenue of US$13.6 million.
Agriterra also has a cocoa business based in Sierra Leone,
Tropical Farms Limited, which is currently a buying and trading
operation, but provides an ideal conduit to branch out into cocoa
production in West Africa. Its strategy is to establish itself as a
secure, sustainable and traceable source of supply to meet the
requirements of the major cocoa consumers who are placing increased
emphasis in this area.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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