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Seeka handles record volumes

Seeka handles record volumes

Seeka Kiwifruit Industries Limited [Seeka NZX:SEK] advises that it has completed kiwifruit packing operations in Australia and New Zealand for the 2016 season. The Company has handled record volumes in the packing season, with more than 30M trays handled in New Zealand for the first time. Seeka now heads into the storage and inventory management portion of the season in New Zealand, while at the same time it completes its kiwifruit sales program in Australia. The Australian pear selling season is anticipated to complete in October.

New Zealand volumes handled by Seeka were up by 16.6% at 30.8m trays. This figure includes approximately 700k trays that will be removed from the inventory or at time of packing, through crop management. All volumes have been handled within the company’s infrastructure, and Seeka now moves to managing more than 16M trays in store.

Australian kiwifruit volumes at 580k trays were behind expectation by approximately 109k trays, but have sold well in the market. Nashi pears are continuing to be packed out and the selling program expected to be completed in October.

The company is expected to report on its first six months earnings and provide commentary on trading on or around 25 August 2016.

Kiwifruit volumes handled with year on year comparisons are as follows:

ENDS

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