T&G Global first-half profit rises 18% on pipfruit performance, Apollo Apples

Thu, 06 Aug 2015

By Jonathan Underhill Aug. 7 (BusinessDesk) - T&G Global, the fruit marketer controlled by Germany's BayWa, posted an 18 percent gain in first-half profit, which it said was driven by the performance of its pipfruit division and the first six-month contribution from Apollo Apples. Profit was $12.1 million, or 10.3 cents a share, in the six months ended June 30, from $10.2 million, or 8.7 cents, a year earlier, the Auckland-based company said in a statement. Sales climbed to $371 million from $340 million. Hawke’s Bay-based Apollo Apple...

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