2023 Annual Report Released

On behalf of your Board of Directors I have pleasure in reporting on the financial results for the year ended June 30, 2023 in the attached Annual Report.

With our second largest harvest ever of 5,226 tonnes (2022 5,633 tonnes), together with an uplift in prices, the company achieved a total harvest value of $12,409,133 (2022 $12,713,988). The profit before tax was $2,308,785 with EBITDA at $6,009,809. This has been another good result despite the impact of Cyclone Gabrielle on the Hawke’s Bay region and less than ideal conditions during the critical flowering period.

A fully imputed dividend of 1.5 cents per share has been declared, with a payment date of Dec 15, 2023. The Annual Report and Notice of Meeting will be emailed or posted to shareholders directly. The Annual Report provides details of the long-term replanting programme of less productive blocks that the company has commenced.

Joe Ferraby (Chairman)

 Download Annual Report here