Seed Co International Limited | 2020 Annual Report: EBITDA up 59% to US$15.5m

By Published On: July 23rd, 2020Categories: Articles, Corporate announcement, Earnings

Chairman’s Statement

Dear Shareholders,

I am pleased to present to you the second post-listing Annual Report on your Company for the Financial Year ended 31 March 2020. As we celebrate the 80th year of the Seed Co heritage, we call upon our shareholders and stakeholders to commemorate this huge milestone of the legacy. All our operating and financial metrics showed significant improvement compared to the previous year despite currency headwinds in regional markets. We have the processes, systems, and people in place to ensure that we have performance discipline and operating leverage into the future. Constant engagement and feedback from our customers, the farmers, inform us that the quality of our products is good and getting better with new product releases. We are seeing increased business development opportunities as we expand our brand and footprint across Africa.

This past season has been characterised by below average to average rainfall in Southern Africa and above average rainfall in East and Central Africa. The emergence of the COVID-19 pandemic across the world has resulted in significant changes in how the world lives and works and, in the process, made doing busi