T&G Global Ltd has forecast a loss before income tax between ($1.0) to ($5.0) million for the 2022 financial year, due to a rapid deterioration in the quality of their premium New Zealand Envy™ apples and worsening economic conditions in the Northern Hemisphere.
This is a significant decrease from the 2021 result of $9.8 million profit before income tax (2021 profit after income tax $13.6 million).
The forecast also includes the impact of a number of projected one-off items.
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