T&G Global lifts annual profit 83% on acquisitions

Fri, 26 Feb 2016

By Tina Morrison Feb. 26 (BusinessDesk) - T&G Global, the fruit marketer controlled by Germany's BayWa, lifted annual profit 83 percent as it benefited from acquisitions and improved performance in its existing businesses. Profit rose to $19.5 million, or 15.4 cents per share, in calendar 2015, from $10.6 million, or 8.4 cents, the year earlier, the Auckland-based company said in a statement. Revenue increased 12 percent to $812.8 million, ahead of a 9.2 percent increase in operating costs to $794 million. T&G benefited from acquisitio...

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