Total Produce has increased total revenue by 5%, however, profit before tax was down 6% according to the company's interim results.
The group recorded adjusted earnings per share growth of 6.7% from €4.20 to €4.48 for the six month period ending June 30, 2012. Basic and diluted earnings per share were down 9.5%.
Operating profit before exceptional items increased 5.6% to €23.5m.
The group also made a number of investments.
"We are pleased to report that the group has concluded over €20m of investments in the first half of 2012. The largest investment was the acquisition of 50% of Frankort & Koning in the Netherlands," said chairman Carl McCann.
"The Group has increased its shareholding in Capespan Group Limited, the leading South African produce company to 25.3%. We continue to actively pursue further investment opportunities," he added.
