IRELAND: Fyffes e-commerce operations bite into profits
Fyffes recorded a loss of €17m on its e-commerce activities, which included its pull out of the Worldoffruit exchange costing €15.6m, while its share of costs in its Ingredientsnet joint venture amounted to €1.3m.
The company said market conditions for the banana industry in 2000 were tough and that the strong growth of recent years had gone into reverse.
The company said it has restructured to take costs out of its operations but
this year's results were still dependent on market conditions.
Fruit distributor Fyffes has posted a 15.2% increase in group revenue for the 2005 financial year - at EUR1,742m - thanks to a favourable European market. ...
Fyffes has acquired a 60% stake in Nolem, the Brazilian fresh produce export company, from a number of Brazilian shareholders....
Irish fruit importer Fyffes has lost its insider trading case against a former director, DCC managing director Jim Flavin....
Irish fruit and vegetable distributor Fyffes today (15 December) announced plans to detach its property assets from its primary fresh produce business and form a new company, Bluestone Properties Plc....
Fyffes is to pay a €20m special dividend to reflect what it has called an "exceptional performance in 2005"....
Irish fresh produce distributor Fyffes has attacked an EU decision to impose a EUR176 (US$208) a tonne tariff on imported bananas....
Colombian banana and plantain export company Uniban and Irish-based fresh produce company Fyffes have entered into a strategic alliance in the United States through a 50/50 ownership in Turbana Corpor...
Irish fresh produce distributor Fyffes has reported a 17.6% rise in profit before tax to €69.3m (US$86.1m) for the first half, describing the results as "exceptional"....
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