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Total Produce reports half year profits of €21.7m

TOTAL Produce, the fruit and vegetable distributor, has reported pre-tax profits of €21.7m for the first half of this year.

This is the same as the same period last year.

Revenue was also flat at €1.33bn, while adjusted earnings per share rose 2pc.

An unchanged interim dividend of 0.54 cent will be paid.

Carl McCann, the chairman of Total Produce, described the performance as "solid".

But he added that there had been difficult trading conditions in some European markets.

He said Total Produce was still targeting adjusted earnings per share of between 6.5 cent and 7.5 cent per share for the whole of the year.

The company had completed some small acquisitions since the end of the first half, worth a total of €14m.