T&G Global today announced its financial results for 2021 with revenue at $1.37 billion, operating profit of $16.9 million, net profit before tax at $9.8 million, and net profit after tax at $13.6 million.
The impacts of COVID-19, hail, labour shortages, increased shipping costs, shipping delays, and global supply chain disruptions, have all had a detrimental effect on the company's bottom line.
Total equity grew 10.4% to $573.6 million due to the company's strategic capital recycling programme.
T&G Global Chief Executive Officer, Gareth Edgecombe, says the team has worked hard to build a sustainable foundation for growth.
The company is now looking ahead to 2022 and plans to focus on creating increased value from its genetics and intellectual property, maximising the growth potential of its premium Envy™ and JAZZ™ brands, and implementing its new climate change strategy.
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