Description:
* "Seeka
is New Zealand’s largest kiwifruit supply company with Seeka and
associated companies handling more than 27 percent of New Zealand’s
total kiwifruit production from harvest 2006.
Seeka performs extremely well compared to industry averages for its grower supply base.
For harvest 2005, Seeka, through Seeka Growers Limited, generated an average orchard gate return of $3.70 per tray for Hayward Green, the industry mainstay, compared to the industry-published average of $3.46.
A strong focus on enhancing grower returns provided supplying growers with a healthy 18% premium on typical orchard operating surplus.
Seeka has recently completed a series of commercial agreements with South Auckland Pack and Cool, Peninsula Pack House, Clarks Pack House and Kiwi Produce. It is a hallmark of Seeka’s reputation that it was the ‘first port of call’ for these commercial agreements in a competitive environment."
Website: http://www.seeka.co.nz/
Recent announcements: click here
|
Year |
2002 |
2003 |
2004 |
2005 |
2006 |
Average
GR |
Compounding
GR |
|
Gross
growth rates |
|
|
|
|
|||
|
Revenue |
|
27% |
19% |
12% |
71% |
109% |
24% |
|
NPAT |
|
-27% |
55% |
-1% |
39% |
86% |
9% |
|
Total
Assets |
|
15% |
7% |
62% |
26% |
98% |
20% |
|
Net
Assets |
|
9% |
13% |
28% |
52% |
95% |
19% |
|
Per
Share figures and growth |
|||||||
|
Earnings |
$
0.36 |
$
0.26 |
$
0.39 |
$
0.35 |
$
0.35 |
|
|
|
|
|
-27% |
49% |
-9% |
0% |
33% |
0% |
|
Net
Assets |
$
2.65 |
$
2.89 |
$
3.13 |
$
3.71 |
$
4.05 |
|
|
|
|
|
9% |
8% |
19% |
9% |
38% |
9% |
|
Dividends |
$
0.12 |
$
0.15 |
$
0.18 |
$
0.08 |
$
0.17 |
|
|
|
|
|
25% |
17% |
-56% |
123% |
90% |
7% |
|
Profitability |
|||||||
|
Return
on Assets |
7% |
5% |
7% |
4% |
4% |
|
|
|
Equity
Multiplier |
1.87 |
1.97 |
1.87 |
2.36 |
1.94 |
|
|
|
Return
on Equity (ROE) |
13% |
9% |
12% |
9% |
9% |
|
|
|
ROE
(avg E) |
|
9% |
13% |
11% |
10% |
|
|
|
Net
Profit Margin |
8% |
5% |
6% |
5% |
4% |
|
|
|
Dividend
payout ratio |
34% |
58% |
46% |
22% |
49% |
|
|
|
Liquidity |
|||||||
|
Net
working capital |
$6,160,000
|
$9,082,000
|
$8,731,000
|
$(4,674,000) |
$12,557,000
|
|
|
|
Current
ratio |
2.23 |
3.02 |
2.77 |
0.79 |
2.19 |
|
|
|
Acid
test ratio |
0.74 |
0.93 |
0.72 |
0.22 |
0.60 |
|
|
|
Other |
|||||||
|
Times
interest earned |
7.41 |
4.97 |
7.51 |
5.00 |
2.56 |
|
|
|
Operating
exp/income |
86% |
91% |
86% |
87% |
86% |
|
|
|
|
|
|
|
|
|
|
|
|
Summary
Financials |
|||||||
|
Income |
33733000 |
42858000 |
51032000 |
57128000 |
97736000 |
|
|
|
Expenses |
29512000 |
39836000 |
46379000 |
52685000 |
92445000 |
|
|
|
Tax |
1485000 |
1031000 |
1566000 |
1399000 |
1061000 |
|
|
|
NPAT |
2736000 |
1991000 |
3087000 |
3044000 |
4230000 |
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
38257000 |
43932000 |
46829000 |
75894000 |
95287000 |
|
|
|
Liabilities |
17835000 |
21648000 |
21746000 |
43690000 |
46252000 |
|
|
|
Net
Assets |
20422000 |
22284000 |
25083000 |
32204000 |
49035000 |
|
|
| Registered Office: |
Mailing address: Head Office 6 Queen Street PO Box 47, Te Puke |
| Directors: Brian Allison Malcom Cartwright Peter Dawe David Emslie Chris Morton Jim A Scotland |
Secretary: |
| Auditors: Ingham Mora |
Solicitors: Harmos Horton and Lusk Sharpe Tudhope McKenzie Elvin |
| Bankers: Westpac Banking Corporation |
Registrar: |
| Accountants: Wood Walton Chartered Accountants Limited |
Other: |
| Other | Last updated:14-11-2007 |
Company balance date: 31 march
Trading over the last year
