Total Produce raises its full-year earnings targets

Fruit distributor Total Produce has raised its earnings target for this year and has said it is actively hunting more acquisitions.

The Dublin-based company, which is the former general produce arm of banana specialist Fyffes, yesterday told shareholders at its general meeting that it now expects earnings per share, for 2016, to come in at the upper half of its previously announced range of 10.50c to 11.50c.

The move is based on a “satisfactory” trading performance in the first four months of the year.