LKI Landkom

TIDMLKI

RNS Number : 1746J

Landkom International Plc

27 June 2011

27 June 2011

Landkom International PLC

Start of harvest in southern operations

Landkom International PLC (AIM: LKI, "Landkom" or "the Group"), the Ukrainian producer of agricultural commodities, has started its 2011 harvest in the Group's southern operations, on schedule.

The harvest has started in good weather conditions and approximately 5,000 hectares of barley and wheat are expected to be harvested during the next two weeks.

The Group has also leased 11 new combine harvesters and reequipped its existing machinery with specialist rapeseed attachments, to ensure that its harvest can be completed as efficiently as possible.

This increases the number of the Group's own machines from 21 to 32 combines, which will reduce the Group's reliance on hired equipment.

Improved terms have been agreed with the suppliers of 34 additional combines which will be hired, so that Landkom will get priority over other farms and no machinery supplied will be more than four years old.

This gives the Group a total harvest fleet of 66 combines available for the barley, wheat and rapeseed harvests in all its operations.

Vitaliy Skotsyk, Landkom CEO said:

"Our harvest has started on schedule and in good weather conditions. Our new equipment will enable us to harvest more land, more efficiently, putting us in a good position for a successful harvest season."

For further information:

 
 Landkom International Plc 
 (www.landkominternational.com) 
 Vitaliy Skotsyk, Chief Executive                              +380 50352 5029 
 John Mapplebeck, Finance Director                         +44 (0)20 7726 2690 
 
 Liberum Capital 
 Simon Atkinson/Richard Bootle                             +44 (0)20 3100 2000 
 
 College Hill 
 Adrian Duffield/Rozi Morris                               +44 (0)20 7457 2020 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCLDLFLFQFFBBD

Grafico Azioni Landkom (LSE:LKI)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Landkom (LSE:LKI)
Storico
Da Giu 2023 a Giu 2024