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

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)
Rebecca Howard
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...

More Primary Sector

Pāmu backing Alliance Group’s capital raise
Primary Sector

Pāmu backing Alliance Group’s capital raise

The state-owned farmer is one of Alliance's largest shareholders.

Fonterra takes the wheel in Parmesan translation case
Primary Sector

Fonterra takes the wheel in Parmesan translation case

The Singaporean Court of Appeal handed down its ruling last week.

Pāmu lifts guidance as milk price, production rises
Primary Sector

Pāmu lifts guidance as milk price, production rises

State-owned farm operator now expects profit of between $25m and $40m.

Riley Kennedy 22 Nov 2024