Trading Statement – The headline loss per share is expected to be 193.7 cents per share (September 2021: headline loss 51.2 cents per share). The group experienced challenging trading conditions with a surge in agricultural input and logistical costs as a result of the Russia/Ukraine conflict. Deciduous fruit, banana and macadamia divisions, were negatively impacted by a fall in average selling prices putting pressure on margins and causing losses in some divisions. Sugar volumes are slightly down due to the timing of the harvest, but prices have been stable.

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