Seeka Projects Strong Earnings Recovery for 2024

Seeka Limited (NZX: SEK) has forecasted a net profit before tax between NZ$15 million and NZ$19 million for the year ending 31 December 2024, rebounding from a NZ$21 million loss in the prior year. This positive outlook is driven by a significant recovery in kiwifruit volumes and improved earnings across its New Zealand and Australian operations.

Seeka has focused on maximizing operational net earnings and reducing debt, expecting to comply with long-term banking covenants in 2024. The company anticipates a larger share of annual profit in the first half of the year, with six-month results due by 29 August 2024. The board may consider dividends later in the year based on financial performance.

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