Asian Citrus Holdings Ltd Winter Orange Crop (1288Y)

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                                   [phone] 
 
 Cantor Fitzgerald Europe (NOMAD and 
  Broker) 
 Rick Thompson / David Foreman (Corporate 
  Finance)                                   [phone] 
 Richard Redmayne (Corporate Broking) 
 Weber Shandwick Financial                   [phone] 
 Nick Oborne, Stephanie Badjonat, 
  John Moriarty 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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