Vitalharvest Freehold Trust (ASX:VTH) has provided an update on Bushfires at Tumbarumba. Bushfires are currently burning southern NSW and have impacted the Tumbarumba berry farm, which accounts for around 6% of VTH’s berry plantings.
- The company understands the Dunns Road fire, which has burnt over 130,000ha of land according to NSW Rural Fire Service;
- The fire has damaged the packing shed but it is understood that the plants have not been materially impacted;
- Assets owned by the tenant, including the packing equipment and several vehicles, have also been damaged.
At AEDT 01:12 PM, the stock was trading at $0.775 per share, up by 1.974% from its previous close.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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