6th Jul 2007 07:01
Asian Citrus Holdings Ltd06 July 2007 For immediate release 6 July 2007 Asian Citrus Holdings Limited ("Asian Citrus" or "the Group") Trading Update Asian Citrus, the largest orange plantation owner and operator in China,announces that the yield for the Summer Orange crop of from its Hepu Plantationincreased from 70,597 tonnes to 71,220 tonnes in the current year. The yield ofthe Summer crop is in line with management's expectations for summer productionas all the Summer orange trees in the Hepu Plantation have achieved fullmaturity. The annual yield for the Group increased from approximately 111,201 tonnes toabout 121,091 tonnes in the current year which represents an increase ofapproximately 9%. In addition to the improved yield, an increase in the average selling price ofthe Group's products resulted in unaudited annual revenue increasing toapproximately RMB480 million for the year ended 30 June 2007, approximately 18%up on the previous year. The full year results of the Group for the year ending 30 June 2007 are due tobe published in mid-October 2007. About Asian Citrus Holdings Limited Asian Citrus Holdings Limited is the largest orange plantation owner andoperator in China and has two plantations in the Hepu county of the GuangxiZhuang 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 sodoing, strengthen its position as a leading, mechanised and industrialisedorange grower and distributor in China. For Further Information Contact: Terry Garrett/John Moriarty/Charlie HooperWeber Shandwick Financial 0207 067 0700 Michael Wentworth-Stanley/James MitfordJPMorgan Cazenove 0207 588 2828 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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