Dutch potato breeder HZPC books record turnover and gross profit

Potato breeder company HZPC, based in the Netherlands, announced during a shareholders’ meeting on 5 October that a consolidated net turnover of €318.5 million was achieved for the financial year 2016/17. The gross profit is €59.3 million and the net result is reportedly €8.5 million. A dividend of €7 per HZPC certificate has been determined, which is €1.25 higher than the previous year and €2 above the five year average. With this net turnover and gross profit, HZPC has achieved new record figures. A higher net profit was achieved in the financial year 2013/14. The takeover of the assets and seed potato activities of KWS Potato together with an acquisition in Russia have contributed to the higher HZPC year figures. In addition to this, the growth is also due to the continuing growth in seed potato acreage and the corresponding increase in seed crop production and -trade. More