Seeka first-half profit more than doubles on record kiwifruit harvest; FY earnings to rise up to 40%

Tue, 18 Aug 2015

By Paul McBeth Aug. 19 (BusinessDesk) - Seeka Kiwifruit Industries, the country's biggest kiwifruit grower, more than doubled first-half profit as it benefited from a record harvest, and the company sees annual earnings rising as much as 40 percent. Net profit rose to $3.7 million, or 24 cents per share, in the six months ended June 30, from $1.5 million, or 10 cents, a year earlier, the Te Puke-based company said in a statement. Earnings before interest, tax, depreciation and amortisation jumped 115 percent to $11.4 million, on a 32 perc...

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