Total Produce has seen a 13% increase in earnings.
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Total Produce, the Irish fresh produce supplier, has reported a 13% increase in earnings (EBITDA) to €48.2m for the first six months of its financial year. Half-year revenues for the Dublin-based group increased more than 10% to €1.9bn, while pre-tax profits rose 6% to €25.6m.
Earnings per share (EPS) for the six months increased 12% to 6.16c per share, which has prompted the group to target full-year earnings at the top end of its original forecast range of 10.5c to 11.5c per share.
Carl McCann, chair of Total Produce, said the group had delivered a “strong performance” as a result of higher average sales prices and volumes. Recent acquisitions also contributed to the strong growth across the business.
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As a result of the strong half-year performance, McCann said the company was increasing its interim dividend to shareholders by 10% to almost 81c per share.
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Total Produce, the Irish fresh produce supplier, has reported a 13% increase in earnings (EBITDA) to €48.2m for the first six months of its financial year. Half-year revenues for the Dublin-based group increased more than 10% to €1.9bn, while pre-tax profits rose 6% to €25.6m.
Earnings per share (EPS) for the six months increased 12% to 6.16c per share, which has prompted the group to target full-year earnings at the top end of its original forecast range of 10.5c to 11.5c per share.
Carl McCann, chair of Total Produce, said the group had delivered a “strong performance” as a result of higher average sales prices and volumes. Recent acquisitions also contributed to the strong growth across the business.
As a result of the strong half-year performance, McCann said the company was increasing its interim dividend to shareholders by 10% to almost 81c per share.
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