Highlights include:
- Revenue increased 10.7% on FY 2016 to $909.1 million.
- EBITDA before SGARA and material items up 29.4% to $115.2 million.
- Net profit after tax before SGARA and material items increased 37.3% to $60.7 million.
- Outlook: Approximately 10% NPAT pre SGARA and material items growth in FY 2018.
A highlight was its Berry category which saw a 55% increase in blueberry production in FY 2017. Although blueberry pricing was down slightly year-on-year, this was more than offset by the significant increase in volume.
Complementing this was mushroom and citrus production and demand which remained strong during the year.
The only real disappointment was raspberry production which was impacted by cooler weather in Tasmania. This delayed the crop and reduced its overall yield and quality.
source: fool.com.au
