Australia's Select Harvests set for worst day since March as co swings to loss

Select Harvests

24/11/2023 01:18

** Shares of Australia's Select Harvests  SHV.AX  down 6.2%
at A$4.1, on track for their worst day since March 21, if losses
hold
    ** Stock set for its worst week since Oct 27, if losses hold
    ** The almond food firm posts FY23 net loss after tax of
A$114.7 mln ($74.65 mln), versus a profit of A$4.8 mln in FY22 
    ** Co says almond crop production in 2023 came in at 19,771
metric tons, a 30.2% drop from year-ago figures, impacted by La
Nina weather pattern
    ** Select Harvests stock up 12.1% YTD, as of last close
 

    ($1 = 1.5366 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))