Total Produce has reported higher sales and earnings for 2012.
The fruit and vegetable distributor said pre-tax profits were up 7.9% in the 12 months to end-December, climbing to EUR37.1m (US$48.3m). EBITDA at the group’s fresh produce business increased 17.3%, while EBITDA at the firm’s health food segment more than doubled, rising from EUR1.2m to EUR3.2m.
The group said earnings growth was driven by higher sales. Total revenues were up 11.2%, rising to EUR2.8bn from EUR2.5bn last year.
The company added that trading so far this year had been satisfactory.