Seeka has reached a $3.6 million agreement with its insurers in settlement of its insurance claim for losses associated with the mitigation efforts after the fire at its Oakside facility in 2015.
As a consequence, Seeka has revised its profit forecast for the 2016 year upwards.
The claim relates to fruit losses which occurred in other sites while the Te Puke-headquartered company was mitigating problems at Oakside related to the fire damage.
"We have already paid out a grower retention payment of $4m and some other compensation to our growers last year," said Seeka chief executive Michael Franks.
The company also incurred interest costs and advisory fees relating to reaching the settlement with the insurers.