Select Harvests Reports Dramatic FY2024 Turnaround
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 28 2024
0mins
Source: Business Insider
Financial Performance Improvement: Select Harvests reported a net profit of $1.5 million for FY2024, a significant recovery from the previous year's loss, driven by a nearly 50% increase in almond crop production.
Capital Raise and Growth Prospects: The company successfully raised $80 million to reduce debt and expand processing capacity, positioning itself for further growth amid improved cash flow and favorable market conditions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
