Published: 02 September 2013

Shareholders are advised that the level of production in cotton this year was much lower than prior years consequently the company will post a loss for the year to 31 March 2014 that is substantially higher than the loss recorded in the year to March 2013.

The Directors of both AICO and Cottco are currently engaged in identifying and mapping ways to come out of this difficult situation and will provide updates in due course.

AICO is currently finalising capital raising projects and other disposals that will inject funds into Cottco.

Further to a cautionary published on 08 August 2013 Shareholders are advised that the company is contemplating a series of transactions to enhance shareholder value.

Shareholders are advised to exercise caution when dealing in the company's shares and should consult professional advisers before dealing in their shares until the results of the transaction are known.

- businessdaily

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