Revenue of Chinese company expected to grow 300% by 2010

Sino Agro Food says its 75% owned subsidiary Heng Sing Tai Agriculture Development is expected to increase revenue by as much as 300% for the 2010 harvest season.

This is based on the latter’s expansion efforts and completed dryer construction.

A harvest of 60,000,000 Hylocereus Undatus flowers, also known as ‘Dragon Fruit’, is expected for the 2010 season.

The company currently has 100 acres under production for the 2010 season.

It recently added four new dryer units and plans to complete construction on 10 more units later this year.

“Next year will be significant for us as we shift our focus from start-up to full production and continued expansion,” says CEO of Sino Agro Food Lee Solomon.

“Due to the high margins associated with Heng Sing Tai’s operations, we expect the increases in production to have a significant impact on the overall net profit of the parent company for fiscal 2010.”