T&G Global lifts first-half operating profit 40% on improvements in pipfruit, international produce

Wed, 08 Aug 2018

By Tina Morrison Aug. 9 (BusinessDesk) - T&G Global, New Zealand's biggest fresh produce grower, distributor, marketer and exporter, posted a 40 percent jump in first-half operating profit due to improved performances from its pipfruit and international produce businesses, its two largest units. Operating profit, which gauges the underlying performance of the business, rose to $10.4 million in the six months ended June 30, from $7.5 million in the year earlier period, the Auckland-based company said in a statement. Pipfruit, T&G's larg...

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