Asian Citrus orange volumes feels squeeze from citrus greening disease
11th Aug 2016 13:22
(ShareCast News) - Chinese orange plantation owner Asian Citrus Holdings reported a decline in production volume and predicted full-year results will be "significantly worse" than last year due to a citrus greening disease affecting its trees. The AIM-listed company reported in a trading update that
Read moreDevastating winter harvest for Asian Citrus
28th Jan 2016 12:14
(ShareCast News) - A devastating harvest saw Asian Citrus Holdings warning the market of lower turnover and a significantly higher core net loss for the six months to 31 December 2015 on Thursday, ahead of its interim results in February. The AIM-listed citrus farmer said in a statement that the act
Read moreAsian Citrus Holding warns over full-year losses
9th Sep 2015 09:45
(ShareCast News) - Asian Citrus Holding warned that its full-year turnover for 2015 will be lower and the core net loss will be significantly higher than last year's figures. The orange plantation operator said the outturn reflects the impact of previously announced events and trading updates. The
Read moreAsian Citrus cuts divi after tough year
27th Sep 2013 07:35
Bermuda-incorporated Asian Citrus, China's largest orange plantation owner, slashed its dividend by over two fifths after lower production dented revenues and profits over the year to June 30th. The AIM-listed group said that total orange production fell by 10.2% to 218,600 tonnes during the year a
Read moreAsian Citrus summer crop curtailed by canker
28th Jun 2013 10:12
Chinese plantation player Asian Citrus plucked slightly fewer oranges from its summer crop due to bad weather and virulent canker. The Aim-100 oranges and juice producer picked a crop of 57,367 tonnes of Summer Oranges, below its guidance of 58,600 tonnes given in March. This means the number of
Read moreThree Darty board members boost stakes after results
25th Jun 2013 16:14
Three executives at Darty have made the most of the recent falls in the European electrical retailer's share price by topping up their stakes, just a week after the company revealed that it had swung into the red in the last financial year. Chairman Alan Park purchased 339,000 shares (equal to 0.06
Read moreAsian Citrus names Acting Chief Finance Officer
31st May 2013 13:22
AIM-listed orange plantation operator and owner Asian Citrus has reported that Mr. Sung Chi Keung has tendered his resignation as Executive Director, Finance Director and Company Secretary with effect as of June 30th to pursue his own personal business interests. The board said that Mr. Lau Hak K
Read moreHalf yearly revenue falls 14.5 per cent at Asian Citrus after unstable weather
26th Feb 2013 11:18
Revenue fell 14.5 per cent to RMB892.0m (94.4m pounds) in the six months ended December 31st at AIM-listed Asian Citrus. The company, which owns orange plantations in China, reported that total production was down 6.0% to 161,233 tonnes, primarily reflecting a planned replanting programme to increa
Read moreSector movers: Unilever and Asian Citrus lift food stocks higher
23rd Jan 2013 15:39
Food producing stocks were performing well on Wednesday with FTSE 100 consumer products giant Unilever the standout performer after impressing with record sales in 2012. Turnover increased by 10.5% to €51.3bn, the first time that it has topped the €50bn mark. Underlying sales growth of 6.9% was str
Read moreAsian Citrus Holding squeezed in orange output
22nd Jan 2013 14:16
Asian Citrus Holding shares were down three per cent after the orange plantation operator projected rotten half year results. The company expects to record a decrease in core net profit for the six months to December 31st, following a squeeze on winter orange production, according to a trading upda
Read moreAsian Citrus's winter crop yield tonnage declines
15th Jan 2013 09:21
AIM-listed Asian Citrus, the single largest orange producer in China, has unveiled details of its winter crop yield, revealing a decline in oranges harvested. The total actual winter orange crop yield of the group's two operational plantations was approximately 161,233 tonnes, 6% less than the 171,
Read moreAsian Citrus's winter crop deal lacks appeal
15th Nov 2012 15:45
Asian Citrus, the Chinese orange plantations owner, has negotiated a tiny year-on-year increase in the average selling price of its winter orange crop from its Hepu and Xinfeng plantations. The share price fell to a 52-week low after it said the negotiated increase in price on its winter crop is le
Read moreAsian Citrus squeezed again
12th Nov 2012 14:16
Shares in Chinese orange plantations owner Asian Citrus Holdings were squeezed again on Monday after it emerged last Friday that an investment vehicle controlled by executive directors had cut its stake in the company. Market Ahead Investments sold 50m Asian Citrus shares in an off-exchange transac
Read moreTuesday preview: US election, M&S, Babcock, Asian Citrus
5th Nov 2012 17:41
The big event on Tuesday is the US presidential election but the exit polls for that won't be published until well after London has shut up shop for the day. On the corporate front, Marks & Sparks (M&S) is set to take centre stage. Seymour Pierce thinks Marks & Spencer will "do the normal trick of
Read moreMonday broker round-up
5th Nov 2012 08:19
Aggreko: Goldman Sachs cuts target from 3,692p to 3,460p, conviction buy rating kept. Asian Citrus: Seymour Pierce keeps buy rating and 50p target; BG Group: Nomura keeps buy rating and 1,600p target. BP: HSBC cuts target from 550p to 530p, overweight rating kept. Brewin Dophin: RBC Capital Mark
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