IRELAND: Total Produce ups profit forecast
By Dean Best | 4 September 2012
Shares in Total Produce rose today (4 September) after the Ireland-based group sweetened its forecast for full-year earnings.
The company increased its target for earnings per share "towards the upper end of the range between seven and eight cent per share" following higher profits in the first half of 2012.
In the half year to the end of June, Total Produce saw underlying net profit, which excludes one-off items, increase 1.5% to EUR15.3m. On a reported basis, net profit fell 6.5% to EUR15.6m.
Nevertheless, Total Produce said it "delivered a strong performance" with adjusted EPS up 6.7%, helped by acquisitions in the last year.
Revenue increased 5% to EUR1.4bn.
Sectors: Financials, Fresh produce
Companies: Total Produce
View next/previous articles
Currently reading -
IRELAND: Total Produce ups profit forecast
4 Sep 2012 -
Related articles
just-food's outlook for 2013: Mega deals unlikely as consolidation continues
There may be caution over the prospect for blockbuster deals in a dilapidated economic environment, but the food sector mergers and acquisitions table still has plenty to whet the appetite.
IRELAND/CANADA: Total Produce to buy into Oppenheimer Group
Fruit and veg giant Total Produce is to enter North America with the acquisition of a stake in Canadian firm The Oppenheimer Group.
There are currently no comments on this article
Be the first to comment on this article