Expected profits now between NZ$27.5mn and NZ$31.5mn, up from earlier guidance of between NZ$23.0mn and NZ$27.0mn
New Zealand fruit grower-marketer, Seeka has provided a further positive update to its 2024 market guidance.
The company now expects full year earnings at a profit before tax level for the year ended 31 December 2024 to be between NZ$27.5mn and NZ$31.5mn, up from earlier guidance of between NZ$23.0mn and NZ$27.0mn. This compares to a loss of NZ$21.0mn in the 2023 financial year.
Seeka said in a statement its increased earnings reflect a strong close out to the year, through lower-than-expected overhead costs and higher than anticipated income in December.
The market guidance is based on unaudited financial results and the audited financial statements are expected to be released late February.
