Seeka Limited (NZX: SEK) Confirms Market Guidance

Seeka Limited [NZX: SEK ] updates its financial guidance for the 2021 financial year. Seeka has provided guidance on current year earnings twice, one without settlement of the kiwifruit claim against the Crown and one with a settlement.

Seeka advises that the High Court has approved the proposed distribution methodology to Claimants of the net settlement funds from the kiwifruit claim. Seeka expects to receive a one-off gain from the settlement.

The current market guidance range including a settlement is a net profit before tax of between $22.0m and $24.0m. Seeka’s expectation is that the net profit before tax for the year ending 31 December 2021 is likely to be at the upper end of this guidance.

Please see the links below for details

Guidance Update - 1 Dec 2021

Source: Seeka Limited

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:

Synlait forecasts strong milk price for 2025/26
SkyCity to file NZICC Legal Proceedings against Fletchers
June 6th Morning Report
Metro's view of Viridian's Com Com application
Infratil Infrastructure Bond Exchange Offer opens
June 5th Morning Report
PORT OF KARUMBA - A POTENTENTIAL PHOSPHATE EXPORT PORT
NZME - Appointment of new Chair
Infratil Limited Annual Meeting and Director Nominations
Rua and Cann reach positive resolution in legal proceedings