Select Harvests Reports FY19 Results; Reports NPAT of $53.0 million

  • Nov 29, 2019 AEDT
  • Team Kalkine

Select Harvests Limited (ASX: SHV) reported Net Profit After Tax of $53.0 million for the twelve months of the new reporting period ended 30 September 2019. The growth in the results were driven by increased almond production and a firm almond sales price. In 2019, production stood at 22,690MT which was up by 45% on the last year.

Highlights:

  • EBITDA stood at $95.2 million;
  • Almond prices up by 7% to $8.60/kg;
  • Net debt to equity ratio at 30 September 2019 stood at 6.6%;

At AEST 01:17PM the stock was trading at $7.720 per share, up by 6.63% from its previous close.

 

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