Fyffes reports strong first half result and increases full year target
|6 months to 30 June 2012|
|6 months to 30 June 2011|
|Total revenue (incl share of joint ventures)||550.1m||458.5m||+20.0%|
|Group revenue (excl share of joint ventures)||442.9m||370.0m||+19.7%|
|Profit before tax*||22.4m||17.3m||+29.5%|
|Diluted earnings per share*||6.48 cent||4.41 cent||+46.9%|
|Interim dividend||0.65 cent||0.605 cent||+7.4%|
Commenting on the results, David McCann, Chairman, said:
"Fyffes has delivered a strong increase in profits for the first half of the year, driven by further organic growth in each of its product categories. Earnings per share also benefited from the significant repurchase of shares in 2011. Fyffes is increasing its 2012 full year target EBITA range to €28m-€33m from €25m-€30m previously."
* These financial terms are defined on page 2 of the full announcement.
3 September 2012
For further information, please view the interim results slide presentation at www.fyffes.com or contact Brian Bell at Wilson Hartnell PR, Tel: +353-1-6690030.Back