T&G Global's lower net profit in line with guidance

Tue, 26 Feb 2019

By Rebecca Howard Feb. 27 (BusinessDesk) - T&G Global lifted full-year revenue 11.2 percent but a series of weather and tariff-related challenges saw its net profit plunge 63 percent. T&G said that revenue was $1.2 billion in the year to Dec. 31 but profit for the year fell to $8.3 million from $22.6 million in the prior year, in line with guidance given in December. "Operational and environmental challenges in key business divisions and markets impacted T&G’s 2018 financial result, including a poor New Zealand growing season for ap...

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