Scales and Seeka saw a tough year for horticulture

(Image: Getty)

Thu, 23 Feb 2023

Both Scales Corp and Seeka are evaluating the impact of Cyclone Gabrielle on their businesses after an already challenging financial year for horticulture.Seeka said its net profit after tax was $6.5 million in the year to Dec 31, down 56% on the year. Higher labour costs and lower yields impacted margins. "Seeka and its supplying growers experienced a very difficult year with covid-19, extreme labour shortages, shipping disruptions, lower kiwifruit yields and poor fruit quality all impacting returns," Seeka's chief exe...

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