Zespri raises profit guidance, fruit forecasts

SunGold Kiwifruit on the shelf in a Shanghai fruit store. (Image: BusinessDesk)

Thu, 21 Nov 2024

Zespri expects its net profit to land between $137 million and $147m as strong demand pushes fruit forecasts higher.The grower-owned kiwifruit marketer has also issued a forecast dividend range for its financial year of between 68 cents and 73c a share.That includes the interim dividend already paid in August of 56c.Its net profit guidance, which includes licence release income, is up from the $132m-to-$142m range it issued in August.The company reported a net profit of $173.3m in its previous financial year.Zespri also updated its forecasts on...

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