International fresh produce company Total Produce has reported an increase in profits and revenues for the six months to the end of June after a number of acquisitions in the US.
Total Produce said its adjusted profit before tax rose by 11.8% to €39m, while revenue for the six months increased by 12.2% to €2.15 billion.
Pre-tax profits for the six month period jumped by 38.6% to €35.4m.
The company increased its shareholding in the Oppenheimer group from 35% to 65%, while its Los Angeles headquartered Progressive Produce business increased its scale with a deal for Keystone Fruit Marketing.
Total also today announced a 10% increase in the interim dividend to 0.8906 cent per share.
"The group continues to target increased full-year adjusted earnings per share in the upper half of the previously announced range of 12 to 13 cent per share," commented the company's chairman Carl McCann.
