Western Bay of Plenty kiwifruit management company DMS Progrowers has announced a record profit.
The company's financial result showed a record net profit, before tax and distributions of $9.7 million, up from $6.95 million the previous financial year.
Director Craig Greenlees said managing growth carefully was essential, with the kiwifruit
industry booming post-Psa recovery.
Mr Greenlees pointed to the recently publicised fortune turnaround of Fletcher Building resulting in their shares dropping to a 16-month low, as an important warning of the dangers facing growth industries, including kiwifruit.
"A fast growing industry is an opportunity but also has risks, and success is not guaranteed," he said.
