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SunGold to drive record Zespri profits

Kiwifruit marketer forecasts net profit of between NZ$98m and NZ$103m for 2017/18 season

SunGold to drive record Zespri profits

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Zespri has revealed in a letter to growers and shareholders that it is expecting to post a record profit for the year ended March 2018, the result of increased Gold3, or SunGold, revenue.

The group's net profit has been forecast at between NZ$98m and NZ$103m, ahead of its 2016/17 estimate of NZ$71m-NZ$74m, the National Business Review reported.

The profit boost is attributed to the additional revenue drawn from the 2017 allocation of Gold3 licenses, the publication noted.

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