Zespri doubles FY profit on deferred Gold license revenue, sales climb 16%

Wed, 20 May 2015

By Paul McBeth May 21 (BusinessDesk) - Zespri International, which controls exports of New Zealand kiwifruit, more than doubled annual profit after it recognised deferred revenue from prior seasons, while lifting sales 16 percent on productivity gains and a shortage of rival Chilean kiwifruit. Net profit rose to $34.6 million in the 12 months ended March 31 from $17.2 million a year earlier, the Mt Maunganui-based company said in a statement. Stripping out a $13.1 million gain on in the inclusion of Gold kiwifruit license revenue that had...

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