Turners and Growers almost triples 1H profit, says annual earnings profit will beat 2012

Thu, 08 Aug 2013

Aug. 8 (BusinessDesk) - Turners & Growers, the fruit marketer controlled by Germany’s BayWa, almost tripled first-half profit as its export business reaped bigger sales from North America. Net profit gained to $16.6 million, or 14.2 cents per share, in the six months ended June 30, from $5.6 million, or 4.7 cents, a year earlier, the Auckland-based company said in a statement. Sales rose 9.4 percent to $369 million, led by a 15 percent gain in export sales to $213.6 million. “The 2013 New Zealand apple season has had a strong start with in...

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