Zespri annual profit jumps 77% on higher kiwifruit sales, increased licensing

Wed, 22 May 2019

By Paul McBeth May 23 (BusinessDesk) - Zespri Group says annual profit rose 77 percent as the fruit export marketer benefited from growing global sales of kiwifruit and bigger fees from the licensing of the SunGold variety. The firm, which markets kiwifruit on behalf of 2,500 New Zealand growers and another 1,200 in Italy, Japan, Korea and France, said net profit rose to $179.8 million in the 12 months ended March 31, from $101.8 million a year earlier. That's at the upper end of its February forecast for profit of $177-180 million. ...

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