Zespri cuts forecast 2017 profit, grower returns for Green kiwifruit on increased supply

Wed, 31 Aug 2016

By Fiona Rotherham Aug. 31 (BusinessDesk) - Kiwifruit marketer Zespri has reduced its forecast 2017 profit and some grower returns for the current season because increased crop volumes for the Green variety are weighing on prices. Following the company’s annual meeting in Mt Manganui today, Zespri chief executive Lain Jager has cut the forecast corporate profit range for the year ending March 31, 2017, by $4 million to a range of $66 million-to-$71 million compared with the June forecast range of $70-$75 million. That figure includes l...

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