ASX:SHV

2 stories mentioning ASX:SHVUpdated 22d ago

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Select Harvests Reports Higher Underlying Earnings, Lower Revenue for Fiscal H1

Select Harvests (ASX:SHV) reported Thursday fiscal first-half underlying earnings of AU$0.205 per share, up from AU$0.153 a year earlier.Revenue for the six months ending March 31 was about AU$59 million, down from AU$104.5 million a year earlier, which the company attributed to a lower carryover crop and the impact of a late 2026 harvest due to wet weather.Select Harvests is launching an on-market share repurchase program for up to 10% of its issued capital over a 12-month period.Additionally, the company declared a fully franked interim dividend of AU$0.035 per share, payable July 15 to shareholders of record as of June 18.

ASX:SHV

Asia58d ago

Rivco Australia Signs Nearly AU$12 Million Water Lease Agreement With Select Harvests Unit

Rivco Australia (ASX:RIV) signed a five-year water lease agreement valued at around AU$11.7 million with Kyndalyn Park, a wholly owned subsidiary of Select Harvests (ASX:SHV), strengthening its long-term water access arrangements, according to a Wednesday filing with the Australian bourse.The agreement covers a mix of water entitlement zones and is scheduled to start on July 1, per the filing.The company expects this long-term agreement to expand its lease portfolio and strengthen its contracted revenue base, with about 82% of its portfolio by value leased from July 1, following execution of the deal, the filing added.Rivco Australia's shares gained about 2% in recent Wednesday trade, while Select Harvests' shares added 1%.

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