LKI Landkom

TIDMLKI

RNS Number : 2103L

Landkom International Plc

28 July 2011

28 July 2010

Landkom International PLC

Southern harvest completed with dramatically improved yields

Landkom International PLC (AIM: LKI, "Landkom" or "the Group"), the Ukrainian producer of agricultural commodities, has completed the harvest in the Group's southern operations with dramatically improved yields.

The winter barley yield for the south was up 110% to 4.03 tonnes per hectare (ha) (2010: 1.9 tonnes per ha), with the winter wheat yield up 50% to 3.23 tonnes per ha (2010: 2.2 tonnes per ha).

The Group's southern operations harvested 4,382 ha of winter wheat (2010: 1,654 ha) and 535 ha of winter barley (2010: 588 ha). The substantially improved yields were obtained due to more efficient harvesting equipment completing the harvest within the optimum time period.

The Group also has 1,648 ha of mixed crops, including sunflower and soya, in its southern operations which are scheduled to be harvested over the next few weeks. An additional crop of sunflower is planned on some irrigated fields.

The harvest in the west, Landkom's largest region, and the central region is now well underway. The winter rapeseed and wheat harvests started on 8 July and are progressing well. Around 65% of winter rapeseed and 15% of winter wheat are already harvested.

The Group has finished the harvest of its first crop of winter barley in the west, harvesting 1,352 ha with a yield of 3.93 tonnes per ha.

Weather conditions in the West are currently good, following some poor weather last week, which caused a limited amount of damage to approximately 7% of the rapeseed crop.

Vitaliy Skotsyk, Landkom CEO, commented:

"Our main harvest in the south has been completed on schedule, with a notable improvement in yields. This has been achieved with our newly purchased combine harvesters delivering a high performance, supported by contracted harvesters.

"We are on schedule and pleased with the progress so far in our west and central operations."

For further information:

 
 Landkom International Plc (www.landkominternational.com) 
 Vitaliy Skotsyk, Chief Executive                            +38 0503 525029 
 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

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