Seeka predicts increased annual profit in 2016, reduces fruit loss

Fri, 21 Oct 2016

By Sophie Boot Oct. 21 (BusinessDesk) - Seeka Kiwifruit Industries, the largest kiwifruit grower in New Zealand and Australia, is forecasting up to an 86 percent lift in annual net profit in 2016, and is changing its name to just Seeka. The Te Puke-based company is predicting net profit of between $7 million and $8 million for the year ending Dec. 31, from $4.3 million in 2015. In August, it reported first-half profit rose to $7.1 million in the six months ended June 30, from $3.7 million a year earlier, while revenue climbed 39 percent t...

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