Seeka Completes New Zealand 2024 Kiwifruit Harvest
Seeka completes 2024 New Zealand 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.
For further information please contact:
Michael Franks Seeka Chief Executive +64 21356516
Nicola Neilson Seeka Chief Financial Officer +64 21841606
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.