Seed Co sees revenue jump despite climate pressures

The company reported a 38% rise in revenue to $5.6 million, supported by a 14% growth in volumes underpinned by the government subsidy programme and an effectively executed sales strategy. This drove a 60% surge in profit-after-tax to $0.9 million.

In its latest annual report the company noted that the growth in its books was supported by governments skin being in the game for farmers through an array of subsidy programmes that aim to bolster local food production.