Fruit distributor Fyffes says it is on course to deliver a 20% rise in pre-tax profits before exceptional items this year, well ahead of previous forecasts.
The company said favourable market conditions in continental Europe and contributions from recent acquisitions had driven the improvement.
Fyffes' court case against DCC over the controversial sale of shares in 2000 is due to start on Thursday The company said today it had incurred exceptional costs linked to the action, but remained 'very confident of the strength of its case'.
Fyffes shares closed five cent higher at €2.08 in Dublin this evening.
