SunGold to drive record Zespri profits

The international marketing magazine for fresh produce buyers in Europe
Carl Collen

BY CARL COLLEN

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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