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

Co-ops last five times longer than limited liability companies - report
Primary Sector

Co-ops last five times longer than limited liability companies - report

Top 30 co-ops and mutuals made $51.9b revenue in 2024, 12.5% of GDP.

Without Dawn Meats, Alliance faces 'real’ threat of collapse
Primary Sector

Without Dawn Meats, Alliance faces 'real’ threat of collapse

The fate of the deal will come down to a shareholder vote next month.

MyFarm KiwiFruit Fund launches $35 million capital raise
Primary Sector

MyFarm KiwiFruit Fund launches $35 million capital raise

The MyFarm KiwiFruit Fund has launched a $35 million capital raise for wholesale and institutional investors, and those offshore that qualify for the Active Investor Plus visa.Units are being offered at $1.02, a 5% discount to the fund’s net asset value.The offer, which will clos...

Rebecca Howard 18 Sep 2025