Business Port Augusta slams Sundrop sale speculation

RECENT SUCCESS: In 2018 Sundrop Farms attracted world-wide attention after receiving a nomination for the Clean Energy Council Innovation Award.
RECENT SUCCESS: In 2018 Sundrop Farms attracted world-wide attention after receiving a nomination for the Clean Energy Council Innovation Award.

Business Port Augusta have come out in support of Sundrop Farms following recent speculation about the ongoing viability of the solar-powered tomato grower.

Last Friday, The Advertiser reported Sundrop was in the midst of a potential sale process after financial reports prompted a 'going concern' statement from auditors.

Despite securing an extra US$2 million in funding from shareholders – and a commitment for a further US$3 million – the company's most recent financial returns from April 2017 show a $2.26 million dollar loss for the year.

Business Port Augusta chairperson Darren Sherriff has labelled media speculation as an attempt to "dampen the mood and success" of Sundrop Farms.

“We as a business community are still very excited about Sundrop Farms, and those of us on the ground know just how successful Sundrop Farms really is," Mr Sherriff said.

"Our board will keep working with Sundrop Farms, and all of our members, to ensure we maximise success, grow our businesses and ultimately grow the economy of Port Augusta."

The $200 million facility near Port Augusta employs upwards of 170 people.

The project has gained world-wide attention since the farm became operational in 2010, securing a 10-year deal to supply tomatoes to Coles.