China-based orange-plantation owner Asian Citrus Holdings Ltd (ACHLA.L: Quote, Profile, Research) posted a 64.5 percent rise in first-half pretax profit, driven by higher sale of oranges, and said it was confident that demand for high-quality fruit in China would continue to grow.
For the six months ended Dec. 31, the AIM-listed company posted a pretax profit of 248.1 million yuan ($36.4 million), compared with 150.8 million yuan in the year-ago period.
Revenue climbed 35.8 percent to 398.3 million yuan.
Sales of winter oranges to supermarkets rose to 31,632 tonnes, up 66.2 percent.
Revenue from orange sales jumped by 40.1 percent to 384.8 million yuan.
Shares of the company closed at 55.5 pence Monday on the London Stock Exchange.
For the six months ended Dec. 31, the AIM-listed company posted a pretax profit of 248.1 million yuan ($36.4 million), compared with 150.8 million yuan in the year-ago period.
Revenue climbed 35.8 percent to 398.3 million yuan.
Sales of winter oranges to supermarkets rose to 31,632 tonnes, up 66.2 percent.
Revenue from orange sales jumped by 40.1 percent to 384.8 million yuan.
Shares of the company closed at 55.5 pence Monday on the London Stock Exchange.
