Fyffes report 30.4% rise in profits

FYFFES has reported a 30.4% year-on-year increase in first-half profits and has maintained its guidance for the full year.

Adjusted pre-tax profits for the first six months of the year came in at €17.3 million, up from the €13.3m reported for the corresponding period last year.

The Dublin-headquartered fruit distribution giant also reported a €6.3m increase in interim operating profit to €16.45m and a 30.5% rise in adjusted earnings per share to 4.41c. Group revenue for the period was up by 7.5% year-on-year to €370m.