Seeka Kiwifruit Industries made $371,000 in the 12 months to the end of March - down 91% on the previous year, because of impairment costs and the cancellation of a management contract.
But once those costs are stripped out, underlying earnings remained strong at $14.5 million - up 3.5% on the previous year.
Revenue rose 12% to $121 million.
Seeka says it has made operational and financial improvements despite a challenging environment, and productivity gains and cost management continue to improve its financial performance.
It will pay a dividend of 20 cents per share, compared to 12 cents the previous year.
