Business Irish

Thursday 21 November 2019

Total Produce revenue drops 1.4pc in 'mixed year for the fresh produce industry'

Carl McCann
Carl McCann
Gavin McLoughlin

Gavin McLoughlin

Revenue at Irish fresh food company Total Produce dropped 1.4pc to €3.13bn last year, after what the firm's chairman said was "a mixed year for the fresh produce industry."

Like-for-like revenue dropped 2pc, and the company also posted an 8.1pc drop in pre-tax profit, which came in at €44.3m.

"The performance in the year was satisfactory in a mixed market when measured against a strong comparative period," the company said.

Chairman Carl McCann said the results were "robust" and that Total will continue to pursue acquisitions after a number of additions last year.

The company said the new acquisitions partially offset the sale of its stake in global fruit company Capespan.

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