Seeka raises earnings forecast, declares dividend

Seeka has raised its full-year earnings guidance and declared a dividend.

The company now expects profit before tax to be between $21 million and $25m, compared to the previous forecast of $17m-$21m.

The new range also represents a significant improvement from the $21m loss in the 2023 financial year.

Seeka attributed the improved forecast to the implementation of a clear strategy, good fruit quality and performance, as well as efficiencies and margins across the business.

The board declared a dividend of $0.10 per share, which will be paid on Jan 20, 2025.

The dividend will be imputed to the maximum available and the dividend reinvestment plan will apply, with a 2% discount for participating shareholders.