Le Gaga Holdings Limited, together with its subsidiaries, cultivates, processes, and distributes greenhouse vegetables, fruits, and tea leaves in the People’s Republic of China. It operates through two segments, Vegetable Business and Tree Business. The company’s vegetable products include solanaceous vegetables, including fruit-bearing vegetables, such as peppers, tomatoes, eggplants, pumpkins, and cucumbers; leafy vegetables comprising flowering Chinese cabbage, baby bok choy, and baby Chinese cabbage; and cruciferous vegetables, which include broccoli and Chinese cabbage. It is also involved in cultivating and selling fir trees. As of June 30, 2014, the company operated 10 farms with an a...
The Metropolis Tower
10 Metropolis Drive
Founded in 2004
Le Gaga Holdings Ltd, Special/Extraordinary Shareholders Meeting, Oct 22, 2014
Sep 25 14
Le Gaga Holdings Ltd, Special/Extraordinary Shareholders Meeting, Oct 22, 2014., at 10:00 China Standard Time. Location: Unit 1105, The Metropolis Tower. Agenda: To consider the agreement and plan of merger dated as of July 30, 2014, among the company, Harvest Parent Limited and Harvest Merger Limited.
Le Gaga Holdings Ltd. Reports Unaudited Consolidated Earnings and Production Results for the Second Half and Full Year Ended June 30, 2014; Provides Earnings Guidance for the Fiscal Year Ending June 30, 2015
Sep 24 14
Le Gaga Holdings Ltd. reported unaudited consolidated earnings results for the second half and full year ended June 30, 2014. For the six months, the company reported revenue of RMB 401,063,000 compared to RMB 386,812,000 a year ago. Loss from operating activities was RMB 36,456,000 compared to RMB 14,341,000 a year ago. Loss before taxation was RMB 39,487,000 compared to RMB 16,040,000 a year ago. Loss was RMB 42,105,000 or 1.91 cents per basic and diluted share compared to RMB 13,943,000 or 0.63 cents per basic and diluted share a year ago. Net cash generated from operating activities was RMB 175,071,000 compared to RMB 199,990,000 a year ago. Payment for the purchase of property, plant and equipment was RMB 3,986,000 compared to RMB 9,232,000 a year ago. Adjusted EBITDA was RMB 204,849,000 compared to RMB 172,026,000 a year ago. Adjusted profit increased by 10.1% to RMB 134.6 million compared to RMB 122.3 million a year ago.
For the year, the company reported revenue of RMB 580,500,000 compared to RMB 576,274,000 a year ago. Results from operating activities were RMB 63,171,000 compared to RMB 155,931,000 a year ago. Profit before taxation was RMB 58,994,000 compared to RMB 151,296,000 a year ago. Profit was RMB 56,127,000 or 2.55 cents per basic and diluted share compared to RMB 153,136,000 or 6.80 cents per diluted share a year ago. Net cash generated from operating activities was RMB 252,623,000 compared to RMB 258,951,000 a year ago. Payment for the purchase of property, plant and equipment was RMB 6,963,000 compared to RMB 21,878,000 a year ago. Adjusted EBITDA was RMB 288,908,000 compared to RMB 261,299,000 a year ago. Adjusted profit for the year decreased by 5.5% to RMB 157.6 million compared to RMB 166.8 million a year ago.
For the six months, the company reported production output increased to 95,347 metric tons for the six months ended June 30, 2014, compared to 88,983 metric tons a year ago.
For the year, the company reported production output increased to 150,231 metric tons in fiscal year 2014, compared to 138,212 metric tons in fiscal year 2013.
For the fiscal year ending June 30, 2015, the company expects lower revenue per mu as compared to the fiscal year ended June 30, 2014, due to operational disruption resulting from the conversion of a large area of greenhouses to the soil-less production system. The company estimates its revenue for the fiscal year ending June 30, 2015 to be between RMB 600 million and RMB 625 million, representing a year over year growth rate of approximately 3.4% to 7.7% for the fiscal year ending June 30, 2015 from the fiscal year ended June 30, 2014. This forecast reflects the company's current and preliminary estimate, which is subject to change.