Zespri's profit slips on reduced licence revenue

Dan Mathieson says it was “really pleasing” to see a significant increase in returns for Green kiwifruit given “difficult growing conditions”. (Image: Supplied)

Riley Kennedy

Thu, 23 May 2024

Zespri’s net profit has dropped by more than a quarter on the back of reduced licence revenue.The kiwifruit marketer reported its results for the most recent financial year on Wednesday evening, posting a net profit of $173.3 million.That was down 27% from $238.7m in the year prior, with the lower licence revenue driven by weaker pricing per hectare compared to 2022/23.Global sales volumes fell 10.5% to 164.2m trays after what it said was a difficult growing season. Still, global sales increased 2% to $3.99 billion, reflecting i...

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