Fresh produce company Total Produce has raised its full year earnings per share target into the upper half of the previously announced 10.50 cent to 11.50 cent range.
In a trading update issued ahead of its AGM today, the company said that trading for the first four months of the year has been "satisfactory".
The company completed the acquisition of a 65% shareholding in Progressive Produce, which is headquartered in Los Angeles since the start of the year.
Progressive Produce is a grower, packer and distributor of conventional and organic produce to the retail, wholesale and foodservice sectors in the US and Canada.
Total Produce also completed a €20m share buy-back programme in January and said it may purchase shares in the market as appropriate, subject to shareholder approval at its AGM.
"Total Produce is in a strong financial position and continues to pursue attractive acquisition opportunities to further expand the group," the company added.
