NewsBite

Costa delays dividend call with takeover offer up in the air

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Costa Group will keep shareholders in the dark about a potential dividend payment and the outcome of takeover discussions with private equity firm Paine Schwartz Partners for at least another fortnight.

The company, Australia’s biggest horticultural group, posted delayed half-year results on Thursday and said a late start to the citrus season meant most earnings would fall into the second half of the year and forecast the crop would suffer a $30 million hit from weather-related problems.

Loading...
Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Agriculture

Fetching latest articles

Most Viewed In Companies

    Original URL: https://www.afr.com/companies/agriculture/costa-delays-dividend-call-with-takeover-offer-up-in-the-air-20230831-p5e11i