2309 GMT - Ord Minnett lifts its annual earnings forecasts for Select Harvests, and suggests they may need to go up again if almond prices rise more. Select Harvests this week reaffirmed its FY 2025 almond-price guidance of A$10.35/kg, which would represent a 35% improvement on the A$7.69/kg achieved in FY 2024. Its 1H Ebitda more than tripled to A$60.7 million. "Our FY 2025 Ebitda and net profit forecasts increase by 1% and 5% respectively but there remains upside potential with further price increases," says analyst John Lawlor. "The current spot price of A$11.33/kg remains 9% ahead of the reconfirmed A$10.35/kg price guidance." (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
May 29, 2025 19:09 ET (23:09 GMT)
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