Webster announces nut set issue

Company News

Webster Limited (ASX:WBA) has announced that a nut set issue has been identified within its walnut operating business.
 
The company says the full impact on the 2016 yield is currently being assessed.
 
The preliminary review indicates walnut yields may be reduced by approximately 20 per cent on those achieved for the 2014/15 financial year.
 
The company says the incident has occurred late in the walnut pollination period.
 
Webster reported a net profit of $5.75 million at 30 June 2015.