Another earnings rethink for Seeka

Less than a week after saying it expected a lower annual net profit, Seeka Kiwifruit Industries says it will now have to boost its earnings forecast.

Chief financial officer Michael Franks said yesterday this followed comment to the company from Zespri that it was set to pay an extra 27c a tray for green kiwifruit.

In a statement to the NZX, Seeka said the increased payout forecast would likely have "a significant beneficial effect on the full-year profit guidance recently advised to the market".

Seeka said it would provide further information to the market next Monday.

Te Puke-based Seeka said last week that its unaudited after-tax profit for the half year to September was $5.7 million, compared with $3.9 million last year.

But it projected flat operational earnings for the full year and a lower annual net profit.