Select Harvests logged net after-tax loss of $2.1 million for the first half of FY24.
Lower 2023 crop volumes and a $2.1 million inventory write-off heavily influenced this loss. Net debt increased to $237.9 million.
"We're executing our horticulture strategy to enhance yield," said CEO David Surveyor.
The forecasted crop is raised to 29,500 – 30,000MT, with above-forecast yields in South Australia. Net debt is expected to decrease to $160 - $170 million by the second half of FY24.