4th Jan 2008 07:00
Asian Citrus Holdings Ltd04 January 2008 4 January 2008 Asian Citrus Holdings Limited ("Asian Citrus" or "the Group") Good Increase in Winter Orange Crop Asian Citrus, the largest orange plantation owner and operator in China,announces that the yield for the Winter Orange crop from its Hepu Plantationincreased from approximately 46,219 tonnes to about 49,162 tonnes in the currentfinancial year, representing an increase of around 6% which is in line withmanagement's expectations for winter production. In addition, the Group's Xinfeng Plantation has started its first commercialproduction yielding about 10,119 tonnes of oranges in the current financialyear. The total Winter Orange crop yield of the Group from the two plantationswas approximately 59,281 tonnes, representing an increase of around 19% from theGroup's total Winter Orange crop yield in 2006. In the full year to 30 June 2007, sales of Winter Oranges produced 30.7% oftotal revenues with Summer Oranges accounting for the balance. About Asian Citrus Asian Citrus is the largest orange plantation owner and operator in China andhas two plantations in the Hepu county of the Guangxi Zhuang Autonomous Regionand the Xinfeng county of the Jiangxi province of China. Its primary goal is tosell quality oranges at an affordable price and in so doing, strengthen itsposition as a leading, mechanised and industrialised orange grower anddistributor in China. For Further Information Contact: Terry Garrett/ John Moriarty/Charlie HooperWeber Shandwick Financial 0207 067 0700 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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