IRELAND: Total Produce reports H1 profit rise despite sales fall
Total Produce has seen an increase in first half profits
London-listed fresh produce manufacturer Total Produce has reported a rise in profits for the first half of 2014 despite a fall in sales.
For the six months ended 30 June, the firm reported a 5.7% increase in net profit to EUR24.2m (US$31.7m). Operating profit was up 5.8% at EUR27m.
Sales, however, fell 4.5% to EUR1.5bn as some volume growth was offset by "average price decreases".
Shares in Total Produce were up 0.13% at 79.60p per share today (2 September) at 11:09 BST.
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