Seeka updates market guidance

MKTUPDTE

Wed, Nov 16 2022 03:33 pm

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