Seeka Completes New Zealand 2024 Kiwifruit Harvest

Seeka Limited [NZX: SEK ] is pleased to announce a significant increase in the number of class 1 kiwifruit trays packed this harvest season. In total 43.0 million trays were packed compared to 29.8 million last year. This 44% increase is a pleasing recovery after two very challenging years impacted by weather events.

The additional volume was efficiently processed by our facilities and well within our capability. Availability of labour and automation improvements both contributed to a smooth and effective packing season. Shipping is proceeding well. The impact of the Zespri shipment infested by rodents is not expected to materially impact earnings.

While the increased trays packed is a signal of a return to profitability, it is too early to accurately predict the financial outcome and to be able to provide reliable financial guidance. The Company expects to update the market later in the year. Seeka remains focused on maximising operational earnings, debt reduction, and achieving financial leverage targets.

The Company thanks all growers, suppliers, contractors and staff for their efforts in concluding the 2024 New Zealand kiwifruit harvest.

Release ends.

•  Seeka Completes New Zealand 2024 Kiwifruit Harvest

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Kiwi Property launches Green Bond offer
TEM - Transaction in Own Shares
December 2nd Morning Report
MWE - Intention to De-list from the NZX Main Board
KMD Brands announces Release of Climate-Related Disclosure
Rua Bioscience expands product range in New Zealand
SPG - HY25 Interim Results
PaySauce FY25 Half Year Result and Interim Report
Synlait releases Integrated Climate Report
KORELLA MINE ADVANTAGED BY COMPLETION OF MAJOR ROAD RESEAL