Fruit marketer T&G Global reports 67% jump in 2016 profit

Tue, 28 Feb 2017

By Rebecca Howard March 1 (BusinessDesk) - T&G Global, the fruit marketer controlled by Germany’s BayWa, reported a 67 percent jump in full-year profit, boosted by a solid performance from most of its business segments and the sale of its crate business. The Auckland-based company reported net profit of $32.4 million in the year to Dec. 31 versus $19.5 million in the prior year, on continued strong pricing for New Zealand apples, a full year of trading from tomato companies acquired at the end of 2015 as well as strong growth in table gra...

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