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Total Produce looks to grow by acquisitions

By BFN News | 09:57 AM | Tuesday 02 September, 2014


Total Produce has announced that profit before tax in the six months to June 30 2014 was up 5.7% to �?¬24.2m, compared to the same period last year. The interim dividend has been increased by 5%. Carl McCann, chairman, said: "Total Produce has recorded a robust performance in the first half of 2014 when measured against a particularly strong comparative period in 2013. The Group continued to record volume growth in 2014 although average prices decreased in the period. We are pleased to report a marginal increase in adjusted earnings to 4.86 cent per share. "The Group's growth will continue to be driven by successful acquisitions. Total Produce has recently agreed to acquire the final 50% of All Seasons Fruit in The Netherlands and continues its expansion in North America with the acquisition of a 45% interest in Eco Farms in California, USA." At 9:57am: (LON:TOT) Total Produce PLC share price was -0.5p at 79p Story provided by StockMarketWire.com

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