Business

Seeka announces 6-month interim results

Net income before tax of $ 30.8 million – up 77% in the six months to June 30, 2020.

Listed New Zealand production company Sea Cali LimitedHas operations in New Zealand and Australia and is pleased to report the unaudited interim results for the six months ended June 30, 2021.

“Seeka provided shareholders with excellent customer service and excellent financial results in the first six months of 2021,” said Michael Franks, CEO of Seeka.

“The strong demand for our services helped us record $ 224 million in group revenue over a six-month period. Importantly, we implemented strategies to improve revenue and net income before tax for the period. Is $ 30.8 million and pcp is up 77%.

“Seeka continued to invest in the kiwifruit business and acquired Ōpōtiki Packing and Cool Storage Limited (OPAC) in May. OPAC is an 8 million tray kiwifruit business serving the Opotiki, East Cape and Gisborn regions. Offering. OPAC is now integrated, synergies have met their goals, and the business is expected to make a full-year financial contribution in 2022.

“We also made a significant investment in Agritech, the cornerstone of digital startup Fruitometry. Seeka’s investment is smart to help improve orchard production and achieve supply chain efficiency. Accelerate the development of orchard scanning technology.

“New Zealand’s kiwifruit business is in a strong growth stage, with Seeka investing $ 20 million to build capacity for the 2022 harvest, including a new automated pack line and a high-efficiency cool store near Te Puke. These new facilities will improve labor use while providing post-harvest capacity by 2024.

“Sustainability is a key focus and we are implementing strategies to minimize our environmental footprint. Carbon dioxide emissions in 2019 have been independently validated and we have set reduction targets. We are defining a performance baseline so that we can measure efficiency gains. Seeka is committed to becoming an industry leader in reporting climate change impacts and is truly to reduce emissions. We are making progress, “says Franks.

read: Seeka announces equity investment in Fruitometry



Seeka announces 6-month interim results

Source link Seeka announces 6-month interim results

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