Primary Sector

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

Rebecca Howard
Fri, 05 Aug 2022

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
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...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News via email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Tourism

Tourism needs to 'embrace' job-sharing to spur recovery – report

Brent Melville | Wed, 10 Aug 2022

An industry that lost more than a third of its workforce during the pandemic needs to start thinking differently about work sharing.

Primary Sector

A2 Milk gets shot down because of issues in application

Rebecca Howard | Wed, 10 Aug 2022

The FDA continues to work around the clock to address current supply challenges, including reviewing a number of requests from manufacturers for enforcement discretion, as quickly as possible, a spokesperson said.

Law & Regulation FREE

Cigna admits to wrongly lifting customers' cover and premiums

Ella Somers | Wed, 10 Aug 2022

Cigna Life Insurance has admitted to misleading more than 52,000 customers.

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

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team