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Total Produce FY pretax profit up 7.9%

By BFN News | 08:11 AM | Tuesday 05 March, 2013


Total Produce booked an 7.9% rise in its full-year pretax profit to 37.1 million euros, after an 11.2% rise in revenue to 2.8 billion euros. "Trading conditions since the start of 2013 have been satisfactory. The Group's activities are well diversified across Europe and, more recently in North America and Africa," said chairman Carl McCann. During 2012, Total acquired shareholdings in a number of companies, including Oppenheimer in North America, Frankort and Koning in the Netherlands and Capespan in South Africa. "With the benefit of these and other transactions, the group is targeting adjusted EPS for 2013 in the range of 8.0 to 8.8 cent per share," McCann said. "The Group is pleased to report a 12% increase in the final dividend which together with the interim dividend represents an overall increase of 10% in the full year dividend. The Group continues to actively pursue further investment opportunities." At 8:11am: (LON:TOT) share price was +1.5p at 50.5p Story provided by StockMarketWire.com

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