Zespri 2016/17 grower returns sag despite big jumps in volume and turnover

Fri, 26 May 2017

By Pattrick Smellie May 26 (BusinessDesk) - New Zealand's statutory kiwifruit exporter, Zespri, achieved distributable profit for its grower shareholders of $34.8 million in the year to March 31 on a 19 percent increase in turnover of $2.26 billion. The Tauranga-based business signalled a result roughly three times stronger than is expected in the current financial year, with prospects for an extra interim dividend being paid to growers in August, despite the outlook for total fruit volumes being lower for the season ahead. The company...

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