Seeka sees annual profit growth of up to 11%, planning for beefed-up capacity

Tue, 21 Oct 2014

By Paul McBeth Oct. 22 (BusinessDesk) - Seeka Kiwifruit Industries, the country's biggest kiwifruit grower, sees annual profit growth of up to 11 percent and is planning to expand its capacity in coming years as kiwifruit crops recover from the outbreak of the Psa-V vine disease. The Te Puke-based company forecasts net profit of between $2.6 million and $3 million in the 12 months ending Dec. 31, compared to $2.7 million in 2013, it said in stakeholder presentation slides published on the NZX. Earnings before interest, tax, depreciation a...

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