So compared to the last market update provided by SHV the total crop fell right bang in the middle of the range at 29k tons, average price per kg was 5 cents higher at $6.80, the same as last year.
Despite profit being down with EPS at the lowest in 10 years cash generation has still continued strongly with operating cashflow of $26.8m.
It'll be interesting to see how the Californian crop progresses with reports that receipts of the premium nonpareil variety being significantly down compared to last year combined with overall smaller sizing and quality.
From an Australian perspective I'll be keeping a close eye out for SHV's update on the heavy rains, hail, wind and flooding impacts on our crops. I saw reports this morning of flood warnings for areas that include locations where SHVs orchards are located. Some, at least, of our orchards are close to the Murray river and from the announcement today it clearly indicates at least some orchards have been inundated.
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- Ann: FY2022 Full Year Results Announcement
Ann: FY2022 Full Year Results Announcement, page-8
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