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9 Jan 2012 08:30
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 |
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