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Seeka Completes New Zealand 2024 Kiwifruit Harvest

Monday 10th June 2024

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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.

 

 



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