date:Sep 25, 2012
Asian Citrus Holdings Limited, the largest orange plantation owner and operator in China, is banking on higher orange prices this winter to restore profit margins as unstable weather has impacted the whole industry's production.
The company's gross profit margin for the year ended June 30, 2012, was 44.6 percent, 7.7 percentage points lower than it was a year ago.
The squeezed profit margin was mainly due to a 1.9 percent decrease of the oranges' average selling prices, as well as the additio