T&G Global has reported a net loss after tax of $18.6 million for the six months ending June 30 2024.
This is an increase from the net loss of $15.7m in the same period last year.
The company's interim results also revealed a 7% increase in total revenue to $820.1m, while the operating loss narrowed to $2.6m, compared to a loss of $11.6m in 2023.
T&G Global attributed the higher loss to a tax expense of $10.4m, which included a one-off, non-cash adjustment for deferred tax on buildings.
The company said it is still recovering from the impact of Cyclone Gabrielle and has been affected by the reduced apple volumes in Hawke's Bay and weak fruit and vegetable pricing in the domestic market.
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