Return to profitability focus for Seeka, following loss
‘We’re like a hotel for fruit,’ CEO says. ‘The occupancy rate is down ... so it’s not surprising that we’ve made a loss.’
An increased kiwifruit crop could return Seeka to normal capacity.
Horticulture and post-harvest company Seeka's annual result was hampered by weather events and lower kiwifruit yields.
However, management at the NZX-listed business is optimistic an improved crop could bolster the new year.
Seeka chief executive Michael Franks noted the loss was well signalled
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