Seeka lifts 2016 guidance following $3.6M insurance settlement

Thu, 10 Nov 2016

By Sophie Boot Nov. 11 (BusinessDesk) - Seeka, the largest kiwifruit grower in New Zealand and Australia, says it has settled a second insurance claim from a 2015 fire, and has updated its earnings guidance to reflect the "extraordinary gain". The company will get about $3.6 million plus GST in the insurance settlement for "losses associated with the mitigation efforts" after a fire which destroyed a shed at its Oakside post-harvest site in Tauranga in March 2015. The blaze significantly affected a coolstore containing about 250,000 trays...

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