Sharechat Logo

Seeka Completes New Zealand 2024 Kiwifruit Harvest

Monday 10th June 2024

Text too small?

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.



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
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.

Related News:

Acceleration of expressway will be transformative for Northland economy says EMA
The Warehouse Group - Proposed Scheme of Arrangement
The Warehouse Group - Proposed Scheme of Arrangement
Winton announces timing of its Annual Results
Fletcher Building Announces Director Appointment
Meridian issues new demand response exercise notice to NZAS
CRP - Chatham Closes Private Placement of Shares
General Finance - Olympic Term Deposit Promotion featuring a Special Bonus of 0.1%
July 22nd Morning Report