Seeka upgrades FY guidance to within 5% of 2016 operating profit

Tue, 21 Nov 2017

By Sophie Boot Nov. 22 (BusinessDesk) - Seeka, the biggest kiwifruit grower in Australasia, has lifted its annual operating earnings guidance after improved performance across most of its businesses. In June, the company gave guidance for a 15 percent drop in operating profit to $6.6 million in calendar 2017 due to a significantly lower green Hayward kiwifruit crop across New Zealand, and affirmed this in its first-half results announcement in August. Today, it said its new expectation is that after-tax operating profit will be close to t...

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