Seeka Kiwifruit lifts annual profit 35% on increased volumes, insurance payout

Sun, 28 Feb 2016

By Tina Morrison Feb. 29 (BusinessDesk) - Seeka Kiwifruit Industries, the largest kiwifruit grower in Australia and New Zealand, increased annual profit 35 percent as volumes recover from the impact of the Psa-V vine disease and it received insurance money from a fire at its largest packhouse facility. Profit rose to $4.3 million, or 27 cents per share, in the 12 months ended Dec. 31, from $3.2 million, or 22 cents, the year earlier, the Te Puke-based company said in a statement. That's ahead of its forecast of between $2.96 million and $...

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