Irish-listed agri-business Continental Farmers’ Group reported a 200% year-on-year increase in first-half profits, adding that it expects to exceed its full-year financial targets.

Continental Farmers Group , quarter-owned by Irish agri-food business Origin, has reported profits of €3.1m to the end of last year, a 19% increase on 2010.

Continental Farmers Group (CFG) has posted €3.1m after-tax profits for 2011, a 19% rise on the €2.6m posted in 2010.