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Agritrade Resources Announces Interim Results
for the Six Months Ended 30 September 2015
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Achieves Steady Operations with Growth in Revenue and Gross Profit
Significant Increase in Contribution from Shipping Business
Floating Storage Service Sector Initially Contributes Revenue and Profit to the Group

Financial Highlight

(25 November 2015) Agritrade Resources Limited ("Agritrade Resources" or the "Company", and its subsidiaries, the "Group", HKSE Stock Code: 1131) is pleased to announce the unaudited condensed consolidated interim results for the six months ended 30 September 2015 (the "Period").

For the Review Period, the Group recorded a turnover of approximately HK$598 million, representing a Y-o-Y growth of approximately 3.7% as compared to HK$576 million in prior year. Gross profit also increased from HK$156 million to approximately HK$167 million. The gross profit margin of the Group was maintained at similar level as last year at 27.9% (2014: 27.1%). The increase in the turnover and gross profit is mainly attributable to the significant increase in contribution from the Group's shipping business during the Review Period, particularly the VLCC operation which has commenced its operation since early 2015. The consolidated profit attributable to owners of the Company increased by 3.6% to approximately HK$81.9 million as compared to the corresponding period in 2014.

Mining Business
During the Review Period, the mining business segment of the Group is principally engaged in the production, processing, transportation and sales and marketing of its own-branded SEM coal, a sub-bituminous, low-sulphur, low-pollutant thermal coal from our mining concession located in Central Kalimantan, Indonesia, namely PT Senamas Energindo Mineral ("SEM"). The production capacity of SEM for the Review Period has achieved approximately 2.5 million tonnes as compared to approximately 2.1 million tonnes for the same period in 2014.

As a result of the increase in production capacity, the Group's mining segment has managed to record a sustainable turnover of approximately HK$518 million and a profit of HK$79.9 million for the Review Period despite the slumping coal price, representing an approximate decrease of 7.4% and 31.6% respectively as compared to the same period in 2014.

Shipping Business
During the Review Period, the shipping segment of the Group comprises the freight management service from time chartering and the provision of floating storage and relevant logistics services for crude oil and petrochemical products. For the Review Period, the revenue from external customers generated from the shipping segment surged by 4 times to approximately HK$79.2 million and the segment profit increased by over 2.5 times to HK$46.1 million. The significant increase in both the segment revenue to external customers and segment profit is mainly due to the significant contribution from the business of the provision of floating storage services by the Group which commenced in February 2015 and the significant increase in revenue and profit from the time chartering services of leased vessels with external customers recorded by the Group for the Review Period.

During the Review Period, the floating storage service sector initially contributed HK$49.7 million of
income and HK$24.0 million of profit to the Group. Glencore Singapore Pte Ltd. ("Glencore"), one of the world's greatest commodity trading houses, and the Group have agreed to further extend the floating storage service for another six months in August 2015 till March 2016. It is expected that the floating storage service will continue its contribution to the revenue and profit of the Group for the coming years.

Looking forward, Mr. Ng Xinwei, the Executive Director and CEO of Agritrade Resources, said, "Coal demand from China and India keeps increasing as they have opened many new coal-fired power plants to supply electricity to their immense populations. The strategic geographical location of the SEM coal mine positions it towards the giant emerging markets like China and India. Moreover, with rising global demand for lower-rank coal and power plants seeking to control operating costs in view of escalating energy prices, SEM is well poised to capture this growth upside with its energy-efficient, cleaner burning coal in an environmentally responsible manner. The Group remains optimistic about the outlook of the SEM coal mine and believes the SEM coal mine will continue to contribute growing profit and cashflows to the Group in the future."

"Looking ahead for our shipping business, energy shipments and the demand of oil storage are expected to surge in the region over the next few years due to the boom of Southeast Asia region and increase in regional energy usage. The Group will closely monitor the market development of this sector and seek the best opportunities for any further expansion of the shipping segment through acquisition of new vessels and chartering of vessels in the Southeast Asia region to meet the growing market need in the region. The Group strongly believes that the floating storage business for petrochemical products will have a promising prospect for the coming years and will promote the long term diversified growth of the Group in the future."

"We have made great progress in market expansion during the Review Period. In view of the strong market potential in China, the Company intends to diversify and further expand its business into this profitable and growing market by setting up a new China Division in April 2015. Looking forward, we believe in the steady growth in our business through capacity enhancement, market expansion, business diversification and mergers and acquisitions with the view to bringing generous rewards for our shareholders."

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About Agritrade Resources Limited (HKSE Stock Code: 1131)
Agritrade Resources is the 1st producing Indonesian coal mine listed in HKSE and the owner and operator of PT Senamas Energindo Mineral ("SEM"), a 2,000-hectare coal mine in Central Kalimantan, Indonesia. Together with our subsidiaries, Agritrade provides integrated supply chain solutions from pit to port, including coal origination, processing and logistics services. The Company currently applies the use of coal upgrading technology, GEO-COAL(TM), to process and produce higher quality, more efficient and cleaner burning coal with a view to being a top-tier international quality coal producer.

Company website: www.agritraderesources.com

Issued by Financial PR (HK) Limited
For and on behalf of Agritrade Resources Limited.

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Financial PR (HK) Limited