Asian Citrus Holdings Ltd Summer Orange Harvest (3495P)
June 05 2015 - 4:00AM
UK Regulatory
TIDMACHL
RNS Number : 3495P
Asian Citrus Holdings Ltd
05 June 2015
For immediate release 5 June 2015
Asian Citrus Holdings Limited
("Asian Citrus" together with its subsidiaries, the "Group")
Summer Orange Harvest
Asian Citrus announces that the actual summer orange crop yield
of the Group's Hepu Plantation for the current period was
approximately 19,132 tonnes (Financial Year ended 30 June 2014:
49,540 tonnes). This was broadly in line with the tonnage
indication of 20,100 tonnes given in the Summer Orange Crop
statement of 20 March 2015. As previously announced, the decrease
in production yield from Hepu Plantation was materially impacted by
damage sustained from Typhoon Rammasun and Typhoon Seagull in July
and September 2014 respectively.
Reflecting this and the factors highlighted in previous
announcements, the total annual production yield of winter and
summer oranges for the Group decreased from approximately 197,467
tonnes to approximately 130,125 tonnes in the current year, which
represents a decrease of approximately 34.1%.
The Board believes that the reduction in the production yield of
orange crop, citrus canker and Huanglongbing disease as previously
announced, will continue to adversely influence the performance of
the Group's agricultural produce operations.
The full year results of the Group for the year ending 30 June
2015 are expected to be published in September 2015.
For further enquiries please contact:
Asian Citrus +852 2559 0323
Mark Ng, Executive Director and Chief Financial
Officer
Cantor Fitzgerald Europe (NOMAD and Broker)
Rick Thompson, David Foreman (Corporate Finance)
Richard Redmayne (Corporate Broking) +44 (0) 20 7894 7000
Weber Shandwick Financial
Nick Oborne, Stephanie Badjonat, Tom Jenkins +44 (0) 20 7067 0700
This information is provided by RNS
The company news service from the London Stock Exchange
END
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