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Profits increase 30% at Fyffes to the end of June

Fruit importer and distributor Fyffes has reported a 20% increase in revenue to €550m in the first half of 2012.

Pre-tax profit at the fruit importer and distributor Fyffes is up just under 30% to €22.4m.

The company posted the results despite higher fruit and fuel prices and the strengthening of the dollar against the euro over the first half.

As a euro based company buying fruit which is mainly priced in dollars the euro fluctuation has hit Fyffes but the company's remained profitable in the first half of the year.

David McCann, Chairman of Fyffes, said that the increased profits were driven by organic growth in each of the company's profit categories. The company has also increased its profit guide for 2012.