Fyffes: 2010 earnings to be ahead of target

Fyffes expects its earnings for 2010 to be in the range €19m-€20m, compared to the €14m-€18m previously indicated after banana selling prices in Europe finished the year strongly, the company said today.

Fyffes expects to deliver a mid-single digit percentage increase in its earnings per share for 2010 compared to the 5.19 cent in 2009, reflecting the additional benefit of a lower minority interest charge for the year.