Turners and Growers lifts first-half profit 2.2 percent to $7.1M

Thu, 02 Aug 2012

Aug. 2 (BusinessDesk) - Turners & Growers said first-half net profit rose 2.2 percent to $7.1 million but didn't provide any other details. The fresh produce company said it will release the details of its results for the six months ended June 30 by August 17, as “required by listing rule 10.4.” Turners posted an $18.9 million net loss for calendar 2011 because of $32.5 million of write-downs of its orchards, a tax write-off and takeover costs. Germany-based BayWa Aktiengesellschaft bought former major shareholder Guinness Peat Group's 6...

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