International fresh produce company Total Produce has confirmed today that trading for the first four months of the year has been "satisfactory".
In a trading update issued ahead of its AGM today, the company said it was raising its full year adjusted earnings per share target into the upper half of the previously announced 12-13 cent range.
"Total Produce is in a strong financial position and continues to pursue attractive acquisition opportunities to further expand the group," the trading update stated.
In March, Total Produce bought a further 30% of Canada's Oppenheimer Group for €28.4m.
Along with the initial 35% acquired in 2013, this brings Total Produce's shareholding in the Vancouver-based firm to 65% after a total investment of €43.4m.
The company also said that subject to shareholder approval, a final dividend of 2.2297 cent per share will be paid tomorrow - representing a 10% increase on last year.
