Asian Citrus Holdings Ltd Winter Orange Crop (1288Y)
January 21 2014 - 3:15AM
UK Regulatory
TIDMACHL
RNS Number : 1288Y
Asian Citrus Holdings Ltd
21 January 2014
For immediate release 21 January 2014
Asian Citrus Holdings Limited
("Asian Citrus" or "the Company")
Winter Orange Crop
Asian Citrus announces that the actual Winter Orange crop yield
of the Group's two operational plantations at Xinfeng and Hepu was
approximately 147,927 tonnes (Financial Year ended 30 June 2013:
161,233 tonnes), which was in line with the tonnage indication of
149,700 tonnes (Xinfeng 123,400 tonnes and Hepu 26,300) given in
the Winter Orange Crop statement of 27 November 2013.
The actual Winter Orange crop from the Group's Xinfeng
Plantation was approximately 123,228 tonnes, against 128,395 tonnes
reported for the prior year. This 4% decline reflected the
inclement weather and persistent heavy rainfall between April and
August 2013, as previously reported.
As announced on 27 November 2013, the actual Winter Orange crop
from Hepu Plantation was forecast to decrease in the region of 20%,
reflecting the replacement of 48,058 winter orange trees in Hepu
Plantation under the replanting programme in 2013, with
approximately 220,000 banana trees. Actual yield was approximately
24,699 tonnes (Financial Year ended 30 June 2013: 32,838
tonnes).
For further enquires:
Asian Citrus
Tony Tong / Tommy Tong, Executive
Director +852 2559 0323
Cantor Fitzgerald Europe (NOMAD and
Broker)
Rick Thompson / David Foreman (Corporate
Finance) +44 (0) 20 7894 7000
Richard Redmayne (Corporate Broking)
Weber Shandwick Financial +44 (0) 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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