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SELECT HARVESTS LIMITED — Capital/Financing Update 2015
Mar 17, 2015
65792_rns_2015-03-17_f7943c7d-4759-4979-a8f0-9393d81a0bc9.pdf
Capital/Financing Update
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18[th] March 2015
Select Harvests - Harvest Update
Select Harvests’ Managing Director Paul Thompson is pleased to report that the company’s current almond harvest is now 55% complete, compared to 33% at the same time last year. 10% of the crop estimate has been processed and while there is a presence of insects, the impact is less than last year and overall the quality is good. The crop estimate remains unchanged at 13,400 tonnes and average price estimate unchanged at A$10.20/kg.
The drying facility has been commissioned, it has had little use as a result of the dry conditions.
Paul Thompson said “The impact of additional harvest equipment, the introduction of night harvest activities for the first time and a return to more normal harvest conditions is speeding up harvest, enabling us to secure the crop earlier. It is these types of initiatives Select has successfully rolled out in recent years to reduce risk, increase volumes and improve average quality. They all contribute to delivering higher productivity, better yields and ultimately increased value for shareholders.”
For further information, please contact:
Investors and Analysts
Paul Thompson, Managing Director +61 3 9474 3544 Paul Chambers, Chief Financial Officer +61 3 9474 3544 Andrew Angus, Investor Relations +61 402 823 757