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Decent first half showing from Total Produce

By BFN News | 08:57 AM | Tuesday 04 September, 2012


Total Produce reveals that revenue grew 5.0% to �?¬1.40 billion for the half year(2011: �?¬1.33 billion) with adjusted EBITA up 10.7% to �?¬29.0m (2011: �?¬26.2m). The results were assisted by the contribution of acquisitions completed in the past twelve months partially offset by the divestment of the Group's 50% interest in Capespan International Holdings Limited (Capespan Europe). Operating profit before exceptional items increased 5.6% to �?¬23.5m (2011: �?¬22.2m). The Group recognised an exceptional profit of �?¬0.3m in the period relating to the profit on the divestment of the Group's 50% joint venture investment in Capespan Europe. This compares to a profit on disposal of �?¬1.6m in the comparative period following the disposal of the Group's South African Farm investments. The result including these exceptional items was an operating profit of �?¬23.8m similar to the comparative period in 2011. At 8:57am: (LON:TOT) share price was +0.5p at 33p Story provided by StockMarketWire.com

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