Fruit distributor Total Produce has reported pre-tax profits of €22m for the first half of this year, up 13% on the same period last year.
Revenue grew by 6% to just under €1.3 billion, while adjusted earnings per share were up 13% at 4.09 cent. An 8% higher interim dividend of 0.54 cent will be paid.
Chairman Carl McCann said the increase in profits was due to acquisitions and tight control over costs. Total Produce said the boost from acquisitions was partly offset by the euro's strength against sterling.
The company said trading in the second half was in line with expectations, and it was targeting 'mid- to upper' single digit percentage growth in earnings for the full year. This is in line with the group's previous outlook.
