RNS Number:0667L
Asian Citrus Holdings Ltd
04 January 2008
4 January 2008
Asian Citrus Holdings Limited
("Asian Citrus" or "the Group")
Good Increase in Winter Orange Crop
Asian Citrus, the largest orange plantation owner and operator in China,
announces that the yield for the Winter Orange crop from its Hepu Plantation
increased from approximately 46,219 tonnes to about 49,162 tonnes in the current
financial year, representing an increase of around 6% which is in line with
management's expectations for winter production.
In addition, the Group's Xinfeng Plantation has started its first commercial
production yielding about 10,119 tonnes of oranges in the current financial
year. The total Winter Orange crop yield of the Group from the two plantations
was approximately 59,281 tonnes, representing an increase of around 19% from the
Group's total Winter Orange crop yield in 2006.
In the full year to 30 June 2007, sales of Winter Oranges produced 30.7% of
total revenues with Summer Oranges accounting for the balance.
About Asian Citrus
Asian Citrus is the largest orange plantation owner and operator in China and
has two plantations in the Hepu county of the Guangxi Zhuang Autonomous Region
and the Xinfeng county of the Jiangxi province of China. Its primary goal is to
sell quality oranges at an affordable price and in so doing, strengthen its
position as a leading, mechanised and industrialised orange grower and
distributor in China.
For Further Information Contact:
Terry Garrett/ John Moriarty/Charlie Hooper
Weber Shandwick Financial 0207 067 0700
This information is provided by RNS
The company news service from the London Stock Exchange
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