7th Jan 2010 08:45
7 January 2010
Asian Citrus Holdings Limited
("Asian Citrus" or "the Group")
42% 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 114,530 tonnes, representing an increase of approximately 42% from the Group's total Winter Orange crop yield in 2008.
The Winter Orange crop from the Group's Hepu Plantation increased from approximately 53,142 tonnes last year to approximately 54,511 tonnes in the current year, representing an increase of approximately 3%, which is in line with management's expectations for winter production from the Hepu Plantation.
In addition, the Winter Orange crop from the Group's Xinfeng Plantation increased from approximately 27,665 tonnes last year to approximately 60,019 tonnes in the current year, representing an increase of approximately 117%, which is also in line with management's expectations for winter production from the Xinfeng Plantation.
In the full year to 30 June 2009, sales of Winter Oranges produced 43.2% of the revenue from sales of oranges, with Summer Oranges accounting for the balance.
About Asian Citrus
Asian Citrus Holdings Limited is the largest orange plantation owner and the single largest orange producer in China and has two operational 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/ Stephanie Badjonat/John Moriarty
Weber Shandwick Financial 0207 067 0700
Michael Wentworth-Stanley/James Mitford/Gina Gibson
J.P. Morgan Cazenove 0207 588 2828
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