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Food group profits soar

FOOD group Total Produce saw profits soar to €21.7m, an increase of 5.5pc on the €20.6m for the same period a year earlier.

The group, which was spun out from Fyffes in 2006, said adjusted earnings per share rose 1.5pc to 4.12 cents, as against 4.06 in 2009. The distributor said that revenues, including the group's share of joint ventures, rose 1.7pc.