Seeka earnings up 9% despite $5.3m covid hit

Thu, 20 Aug 2020

Kiwifruit grower Seeka battled its way to a 9 percent increase in first-half operating earnings despite an estimated $5.3 million impact from covid-19. The firm reported $30.4 million in earnings before interest, tax, depreciation and amortisation for the six months to June 30, up from $27.9 million a year earlier. Gains on property sales boosted earnings by $2.5 million. The Te Puke-based grower and post-harvest firm, whose harvest lines include kiwifruit, kiwiberries and Hass avocadoes as well as Hayward kiwifruit and Nashi pears in its...

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