Zespri indicates early profit range for 2017 season with upside from looming tender

Thu, 21 Apr 2016

By Fiona Rotherham April 21 (BusinessDesk) - Kiwifruit marketer Zespri International has indicated an after-tax profit of $25 million to $30 million for the 2017 financial year, excluding revenue from the release of 400 hectares of Gold3 licence being tendered next month. That additional revenue will likely be materially significant to the 2016/17 corporate profit, it said in a statement to the Unlisted trading platform. Zespri also released a broad first indicative projection for orchard gate returns (OGR) for the 2016/17 season just...

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