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Taihua

  • BY: Andrew Hore |
  • POSTED: 20/10/2012 |

Chinese natural medicine ingredients supplier Taihua has failed to finalise taking control of a second forsythia plantation prior to the harvest and this will knock profit in 2012. 

Taihua expects to take control of the plantations at the beginning of 2013. The 20-year lease period will commence at that point, when Taihua will pay the lease consideration. The costs of harvesting and maintenance have still be agreed.

The second plantation was expected to double forsythia production. Revenues and profit will be below expectations this year. A profit of £2.1m had been forecast previously. Taihua reported a small first half loss.

At 5.25p a share, down 0.75p, Taihua is valued at £4.29m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFOctober2012_37.pdf

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