Fruit firm reports fall in interim profits

HIGHER energy prices and changes to the EU banana regime have cut interim profits at Fyffes by more than half.

Pre-tax profits in the six months to end June fell to €35.2 million from €74.6m a year ago, the fruit importers said yesterday.

Turnover for the period was up from €1.1 billion to €1.17bn helped by a number of acquisitions.