Seeka Reports 44% Increase in Kiwifruit Harvest

Seeka Limited (NZX: SEK) announced a notable 44% increase in class 1 kiwifruit trays packed this season, reaching 43 million compared to last year's 29.8 million. This rise marks a significant recovery after two challenging years due to adverse weather. Efficient processing was aided by improved labor availability and automation. Shipping is progressing well, with minimal expected impact from a Zespri shipment issue involving rodents.

While the increase indicates a return to profitability, accurate financial predictions are premature, and Seeka plans to provide updates later this year. The company is focused on maximizing operational earnings, reducing debt, and achieving financial leverage targets. Seeka expressed gratitude to all growers, suppliers, contractors, and staff for their contributions to the successful 2024 kiwifruit harvest.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com