T&G Global reports solid lift in first half net profit

T&G Global's premium Envy brand is being planted on automation-ready 2D structures. (Image: T&G Global)

Fri, 05 Aug 2022

T&G Global, the fruit marketer controlled by Germany's BayWa, reported a solid increase in first-half net profit as its long-term strategy started to pay off.Net profit rose to $5.75 million, or 2.4 cents per share, for the six months to June 30 versus $3.42m or 0.6 cents a share in the the six months to June 30, 2021, the company said in a statement. Revenue from its contracts with customers was relatively steady at $645.5m versus $652m in the prior period.T&G’s apple business, however, reported a decrease in revenue to...

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