HONG KONG, Nov. 19 /PRNewswire-Asia/ -- Man Shing Agricultural Holdings Inc. (OTC Bulletin Board: MSAH), reported strong quarterly results in their 10-Q filing. The company posted net profits of more than 20% on efficient operations, favorable land management policies and rising ginger prices due to limited global supplies. Man Shing (MSAH.OB) is one of the leading ginger producers in the world. The company exports high-quality produce to high-margin markets in Europe, Japan and North America.

"We are very pleased with our financial performance and growth," commented Eddie Cheung, CEO of Man Shing. "Our positioning and preparation for the emerging upward trend in ginger prices is excellent. This will continue to have a very positive impact on our bottom line, enabling the advancement of our wider strategy to gain significant domestic and international market share over the next 12-24 months." Man Shing currently produces 16% of the total Chinese ginger exports and seeks to increase there market share to 23% by the end of 2010 and 31% by the end of 2011.

Man Shing expects to sustain gross profit margins of over 25% and net profit margins of around 20% on low production costs, efficient land management and a high-quality, high-margin strategy. Man Shing is well on track to achieve the targeted 50% year on year net profit growth projected for the next 3 years.

Limited Supply

Global supplies for ginger are limited this year due to reduced planting and low yields in main production regions outside of Man Shing's operational base in Shandong, a province in eastern China known as the home of high quality ginger. Man Shing, the largest leaseholder of ginger production land in Shandong, is well-positioned for significant market share and margin gains in this period of historically low supplies and rising ginger prices.

From 1997 to early 2009, the price of ginger dropped 80%, prompting many farmers to switch to more profitable crops. On significantly reduced supplies, the price of ginger is expected to climb to between 6 Rmb and 8 Rmb per kg (0.87 - 1.17 USD). With stable production costs of around 1.6 Rmb (0.23 USD) per kg, well-supplied ginger producers stand to profit considerably over the next 18-24 months.

About Man Shing

Man Shing Agricultural Holdings, Inc. (OTCBB: MSAH) is headquartered in Hong Kong. Man Shing Inc is a high growth agricultural products company based in Shandong Province, China. The main product is ginger. Man Shing exports to high margin, high-quality markets where its products are sold in leading supermarkets and restaurants in Europe, Japan and North America. Man Shing expects to sustain gross profit margins of over 25% and net profit margins of around 20% on low production costs, efficient land management and a high-quality, high-margin strategy. Having acquired long-term rights to extensive tracts of farmland in Shandong, the Company is positioned to become the largest ginger producer in the country by the end of 2010.

For more information visit the Man Shing website at http://www.msaginger.com .

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27(a) of the Securities Act of 1933 and Section 21(e) of the Securities Exchange Act of 1934, as amended. Any words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "if", "should" and "will" and similar expressions as they relate to Man Shing Agricultural Holdings, Inc. ("Man Shing") are intended to identify such forward-looking statements. Man Shing may from time to time update these publicly announced projections, but it is not obligated to do so. Any projections of future results of operations should not be construed in any manner as a guarantee that such results will in fact occur. These projections are subject to change and could differ materially from final reported results.

    For more information, please contact:

    Investor Relations
     Josh Phillips
     Phone: (HK) +852-8302-2638 / (PRC) +86-1581-869-8476
     Email: IR@msaginger.com

    Media
     David Harris
     Email: media@msaginger.com

     Web:   http://FirstFinancialPR.com

SOURCE Man Shing Agricultural Holdings, Inc.

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