21 May 2010

Zespri profit up

8:19 pm on 21 May 2010

Kiwifruit marketer Zespri has seen its profit rise by 8% to $25.9 million in the year to March, thanks to stronger sales in Asia.

Sales rose 3% to $1.5 billion, due to higher prices for gold kiwifruit, and selling more green and gold kiwifruit in Asia, offsetting weaker demand in Europe.

Zespri chief financial officer Merv Dallas says the co-operative battled hard to combat the effect of the global economic downturn.