Fyffes reports higher profits for 2014
Pre-tax profits at fruit distributor Fyffes rose by more than 25pc last year to €39m, making 2014 the company’s sixth consecutive year of growth.
Total revenues at the company were up by 0.8pc to €1.091bn. Group revenue, excluding Fyffes' share of its joint ventures, increased by 2pc to €853m in the year.
The company is proposing to pay a final dividend for 2014 of €1.673 cent per share, up 12.3pc on the previous year.
Earnings per share in 2014 amounted to €11.17 cent, up 26.6pc on the previous year.
The company suffered a major setback last year after its planned near $1bn merger with US banana distributor Chiquita was aborted.
The proposed combination, first unveiled in March, would have created a distributor of more than 160 million banana boxes a year.