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Total Produce FY pretax profit slips 8.1%

By BFN News | 09:27 AM | Tuesday 03 March, 2015


Total Produce has posted a FY pretax profit of 44.3m euros, down 8.1% from 48.2m euros. Total revenue was 3.13bn euros, from 3.18bn euros. Total dividend was 2.403 euro cents a share, up 5.7% from 2.2727 euro cents a year earlier. Chairman Carl McCann said: "Total Produce has delivered a robust performance in 2014 and is pleased to record a 4.5% increase in adjusted earnings per share in a mixed year for the fresh produce industry. "The Group was active in corporate development in 2014 with investments of over �?¬22m in Europe and North America. Post year-end, the Group completed its fourth investment in North America with a 50% investment in Gambles, the Toronto based fresh produce company with annual turnover of CAD$170m. "We are also pleased to propose a 6.0% increase in the final dividend to 1.763 cent per share. The Group actively continues to pursue further investment opportunities and is targeting adjusted earnings per share for 2015 in the range of 9.2 to 10.2 cent per share." At 9:27am: (LON:TOT) Total Produce PLC share price was +3.5p at 81.5p Story provided by StockMarketWire.com

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