$53M NPAT for Select Harvest (ASX:SHV)

Company News

by Katrina Bullock

Select Harvest (ASX:SHV) has achieved a net profit after tax of $53 million for the 12 months ending 30 September 2019.

Its earnings before interest, tax, depreciation and amortisation came in at $95.2 million.

Earnings per share were up 139.7 per cent to 55.5 cents per share. It attributes the strong performance to increased almond production and a firm almond sales price.

The 2019 almond crop is up 45 per cent on last year.

Shares in Select Harvest (ASX:SHV) are trading 10.9 per cent higher at $8.03.

Katrina Bullock

Finance News Network
Katrina is a respected TV journalist, as well as a renowned presenter and award winning lawyer. She holds a Bachelor of Laws (Honours 1st class, division 1), a Bachelor of Business (with Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She began her career as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel of Greenpeace Australia Pacific. In 2020 Katrina was named one of the 30 best lawyers in Australia under 30 by Lawyer's Weekly.