Healthy result for T&G Global, but future looks tough

Thu, 06 Aug 2020

T&G Global shares jumped 9.6 percent to $2.85 after the fresh produce exporter announced a twofold jump in net profit to $9.5 million in the six months through June, up from $4 million a year earlier.Revenue climbed 20 percent to $671.3 million from the prior year's $560.8 million on the strength of a $125 million increase in the group's apple division sales to $440.5 million, while the domestic New Zealand business, under T&G Fresh, lifted revenue to $153.8 million from $135.4 million following April's acquisition of Freshm...

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