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Select Harvests Provides Results Announcement 31st March 2020

22 May 2020  |  16:35:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Results Announcement 31 March 2020

Select Harvests announced a Net Profit after Tax of $17.4m for the first six months of the 2020 Financial Year. The first half has delivered a good result considering the challenges of the drought and the disruption to the supply chain caused by COVID-19. Similar to 2019, the Company is estimating a large high quality crop of 22,600 MT. The 2020 growing season was excellent in all regions. Continued investment in the Company's horticultural staff and practices, infrastructure and maturing orchards, enabled the company to achieve another year of above industry standard yield. Harvest is complete, and with 40% of the estimated crop processed, gives the company a good line of sight on both quality and quantity.

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