23 Mar 2012

Eastpack profit rises

3:45 pm on 23 March 2012

Kiwifruit company Eastpack has confirmed a $17.7 million profit for the past year, up 44% on the previous year.

The firm is the second-largest post-harvest kiwifruit operator, packing about 20% of the crop.

Chief executive Tony Hawken says operational improvements and a large increase in its supply base contributed to the profit.

However, he expects a drop in production of 10-12% this year, due to the effects of the kiwifruit disease Psa.

Eastpack will pay growers a rebate of 30 cents a tray for the past year.