Zespri lowers net profit guidance for current season

Zespri's downgrade comes after a reduction in forecast global supply volumes for 2024. (Image: Zespri)

Wed, 21 Aug 2024

Global kiwifruit marketer Zespri lowered its full-year net profit guidance for the current season and its forecast per hectare returns dipped, although they remain up on the prior period. Zespri’s corporate net profit after tax is now expected to be between $132 million and $142m, including licence release income, versus prior guidance of $138m to $148m.The downgrade comes following a reduction in forecast Zespri global supply (ZGS) volumes for the 2024 season, and reduced margin on its NZ Supply business from greater time payments a...

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