Total Produce announces 14pc hike in pre-tax profits to €22.9m
FRUIT and vegetable distributor Total-Produce-has reported pre-tax-profits of €22.9m, a 14pc increase in the first half of the year.
Revenues at the Fyffes spin-off increased 19pc to €1.7bn.
Commenting on the results, Carl McCann, chairman of the firm said: “The group’s strong performance is driven by its overseas expansion programme.
“Trading conditions are satisfactory and the group is revising upwards its full year earnings target into the upper half of the range between 8.00 to 8.8c per share. The Group is pleased to announce a 7.5pc increase in the interim dividend to 0.6095 cent per share.”"
Adjusted earnings before interest, tax, depreciation and amortisation were up 7.5pc to €39.1m.