Fyffes sticks to targets after solid first half

Fyffes sticks to targets after solid first half

Canadian acquisition Highline performing in line with expectations

Fruit importer Fyffes has reported pre-tax profits of €35.6m for the first half of this year, up 4.5 per cent from €30.8m in the same period last year.

Total revenue rose by almost 15 per cent to €739.3m, and earnings before interest, tax, depreciation and amortisation (EBITDA) were 11.3 per cent higher at €44m. A 10 per cent higher interim dividend of 0.9032 cent has been declared.

The company lifted its target for full-year adjusted earnings to €63-69m in April...

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