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Total Produce targeting continued growth in 2019

Total Produce said today that a final dividend of 2.5140 cent per share will be paid in June
Total Produce said today that a final dividend of 2.5140 cent per share will be paid in June

Total Produce has said its full year earnings growth expectations remain unchanged, despite competitive markets and more uncertainty surrounding international trade.

In a trading update, the fresh produce company said it is targeting continued growth for 2019. 

Last July, the group completed the acquisition of a 45% stake in Dole Food Company, one of the largest fresh produce companies in the world. 

Total Produce said today that Dole is currently trading in line with expectations.

Subject to shareholder approval, a final dividend of 2.5140 cent per share will be paid in June, which represents a 2.5% increase on last year.

"Total Produce is in a strong financial position and the Dole transaction represents a very significant step and a continuation of the group's successful expansion strategy," the company said.