Seeka doubles 1H profit on Opac sale gains; kiwifruit industry still challenging

Fri, 22 Aug 2014

By Suze Metherell Aug. 22 (BusinessDesk) - Seeka Kiwifruit Industries, the fruit grower and coolstore and packhouse operator, more than doubled first-half profit as challenging trading conditions and rising costs were offset by gains from the sale of its cornerstone stake in Opotiki Packing and Cool Storage. Profit rose to $1.48 million in the six months ended June 30, from $672,000 a year earlier, the Te Puke-based company said in a statement. Sales rose 18 percent to $79.2 million, while cost of sales increased 21 percent to $69.3 milli...

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