SEEDCO International Limited’s top line is projected to grow by 14,8 percent during the current financial year ending March 31, 2025 on anticipated improvement in rainfall which will spur seed demand in the company’s key markets, research and financial services firm Inter-Horizons (IH) Securities has said.
The firm anticipates the regional company’s revenue to reach US$135,46 million in FY2025 up 14,8 percent from US$118 million realised in FY2024.
This comes as La Nina’s potential return later this year could bring improved rainfall and a better agricultural season to Zimbabwe and southern Africa.