<p>Almond producer and marketer of nuts, dried fruits and natural health foods Select Harvests reported a net profit of $2.87 million, up from a 2012 loss of $4.47 million. Total revenue was down 23.9% from $253.1 million to $190.1 million.This year saw the completion of the transition from operating as managers of almond orchards for third-party growers to being the owner and grower of the orchards. In total, 10,000 acres are currently under lease/ownership. This will give the company more direct exposure to the international almond market, which has recently been growing 8% per annum. Almond prices have been increasing overseas, and with the recent devaluation of the Aussie dollar, Australian almonds are more cost competitive, positively affecting company earnings.</p> <p>The company has decided to leave a greenfield almond production area made up of about 4,000 acres in WA after projecting that it would not be economically viable to continue it based on the investment needed to develop the crop to maturity. A write-down impairment of $39.9 million was recorded, and the assets will be sold off.The lost almond volumes from the domestic market have been compensated by higher exports sales, which have increased to 80% of sales in the almond division.</p>