Wednesday, November 26, 2008

Seeka Kiwifruit profit rises 47% on weaker currency

By Jonathan Underhill SureChat News, November 2008

Seeka Kiwifruit Industries, New Zealand's largest supplier of the fruit, posted a 47% gain in first-half profit as it benefited from a lower New Zealand dollar and improved harvesting techniques.

Net income rose to $8.4 million, or 67 cents a share, in the six months ended September 30, from $5.7 million, or 46 cents, a year earlier, the company said in a statement. Sales rose 1.2% to $95.2 million.

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