H1 revenue up 8% at Total Produce

Dublin-based international fruit distribution business, Total Produce has reported an 8.2% year-on-year rise in revenue for the first half of the year, to €1.43bn.

Pre-tax profit, for the period, technically remained flat at €24.2m, but when adjusted to exclude acquisition-related charges and costs and other exceptional items, profits were actually up by 11.5%, at €30.3m.

Adjusted earnings rose by almost 12% to €42.6m and total revenue, a performance metric which takes in contribution from the company’s various associate and joint venture partnerships, was up by 9.2% to €1.73bn.