Seeka Limited [NZX:SEK] updates its financial guidance for the 2022 financial year.
Seeka advises that following a challenging kiwifruit season in New Zealand that the market guidance range for the full year to 31 December 2022 net profit before tax is between $6.5m and $9.0m. This is a downgrade from the previous market guidance range between $9.0m and $11.0m.
This reduction in earnings reflects a later shipping season, challenging fruit quality across the industry and expected reduced fruit earnings from the global market.
Release ends.
For further information please contact:
Michael Franks
Seeka Chief Executive officer
+64 21 356516
Nicola Neilson
Seeka Chief Financial officer
+64 21 841606
Herbert unimpressed by Vital's refusal for due diligence and failure to meet guidance.
The business is reportedly being hit hard by increasing air freight industry competition.
The S&P/NZX 50 Index rose 97.07 points, or 0.8%, to 12,447.68.
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