Asian Citrus axes dividend to fund management due to bad weather
date:Feb 28, 2014
interim dividend, thanks to its weaker performance and a requirement to fork out for fertilizers washed out by heavy rains.

In order to maintain production volume, we do expect a higher level of direct costs to be incurred in the short term to alleviate the leaching of soil nutrients caused by the heavy rainfall, said Tony Tong, Asian Citrus chairman and chief executive. There has been persistent heavy rainfall and major typhoons in the plantation regions and although there was minimal direct d
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