Welcome to Seeka Home Page
Seeka’s goal is to deliver the best service and returns to our supplying growers while maximising returns and value to our shareholders.
As New Zealand’s largest kiwifruit grower, with more than 1000 hectares under production, Seeka is keenly focused on maximising orchard returns.
Operating more than 20% of the industry’s total packing and coolstorage capacity, we have the personnel, systems, and facilities to best manage the logistics chain for supplying orchardists and international clients.
As announced in its Budget, the Government will be reducing the corporate tax rate from 30% to 28% and removing the tax deductibility of depreciation for buildings with a life of 50 years or more.
Seeka Kiwifruit Industries Limited is pleased to release this commentary accompanying the preliminary financial results for the year ended 31 March 2010.
Earnings before interest, tax, depreciation and amortisation (EBITDA) remained strong at $14.538m, up by 3.54% on the previous year.
SEEKA KIWIFRUIT INDUSTRIES LIMITED Annual Shareholders Meeting was held on Tuesday 17 August 2010 at The Orchard Church in Te Puke. The Annual Shareholders Presentation and Chairmans commentary are available for you to view.
A robust first six month result has been delivered despite a challenging operating environment. The Company has managed to hold revenue at the same level as the previous comparable period and has grown its earnings before impairments despite lower processing volumes.
The Annual Shareholders Meeting was held on Tuesday 18th August 2009 at The Orchard, MacLoughlin Drive, Te Puke.
Strong operational and financial performance highlighted in Seeka 2009 annual report
Seeka achieved $5.59m profit before tax for 2009, a $3.56m lift on 2008. This exceeds the $5.4 upper range forecast to shareholders in the half year report.
Cash flow from operations totalled $12.59m, up $7.34m from 2008’s $5.25m. Increased cash flow enabled Seeka to carry lower debt by $4.54m, invest $6.45m in plant upgrades and pay $1.51m in shareholder dividends during the year.
The company announced a fully imputed dividend of $0.10 per share paid 29 June 2009.
See full annual report 2009
Japanese produce logistics company Fresh MD Holdings Inc has agreed to acquire an 18.8% stake in Seeka Kiwifruit Industries Limited.
Seeka chief executive Michael Franks says the investment is a very positive development for Seeka and the New Zealand kiwifruit industry generally.
