Asian Citrus Holdings Limited provided preliminary unaudited earnings guidance for the six months ended December 31, 2013. As anticipated and based on the preliminary assessment of the unaudited management accounts of the group for the six months ended December 31, 2013, turnover and core net profit will be lower than the comparative period for the six months ended December 31, 2012. The key factor impacting this trading performance, as previously highlighted on November 27, 2013 and more recently updated in respect of the winter orange crop on January 21, 2014, was the decreased winter orange production and average selling price for both Xinfeng Plantation and Hepu Plantation for the six months ended December 31, 2013, which has had a profound impact on the company's gross profit margins for these operations.

Additionally, profitability was impacted by a higher volume of fertilisers and pesticides consumed as a result of the inclement weather and persistent heavy rainfall in 2013, as stated in the company's announcement dated November 27, 2013.