Published: 17 February 2014

Ariston Holdings says there has been significant uplift in output on all farms with a lot more potential going forward as the group’s rehabilitation programme begins to pay off.

Giving an update of operations at the group's annual general meeting on Friday, chief executive Paul Spear said there had been significant growth in operations since the recapitalisation in 2011.

Revenue since the $8 million injection had grown 16% to $17.1 million while there had been an increase in consumables and bearer biological assets to 1 088 percent at the end of its financial year in 2013.

Spear said the growth in revenue for the current financial year is expected to be much higher.
- herald

You might also want to read this

• Ariston FD steps down
• Cyclone Idai costs Ariston Holdings US$1,5 million in damages
• Ariston returns to profitability
• Ariston back in the black
• Ariston projects 31% growth in tea output
• Ariston revenue up 29%
• Ariston anticipates improvement in profits
• Ariston to focus on harvesting, says Spears
• Ariston turnover up 26.9% to $5 million in 4 months to January