Turners & Growers annual pre-tax profit to rise as much as 20%

Turners & Growers, the fruit marketer majority owned by Germany's BayWa, expects its pre-tax annual profit to rise as much as 20 percent.

Pre-tax profit in the 2014 calendar year will be between 10 percent and 20 percent higher than the $23.4 million reported in 2013, the Auckland-based company said in a statement.

While normalised trading results in the second half of the year were generally consistent with the year earlier period, the annual result will reflect last month's acquisition of Apollo Apples and the revaluation of land, buildings and biological assets, the company said.

The company will publish its results on Feb. 27.

Shares in Turners & Growers last traded at $1.95 and have gained 8.3 percent the past year.

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

RAK - 1H26: Strong first half growth and strategic momentum
Green Cross Health Interim Results to 30 September 2025
Devon Funds Morning Note - 28 November 2025
November 28th Morning Report
Pacific Edge Appoints Chief Commercial Officer
Ryman Healthcare reports 1H26 results
Tower reports record FY25 result, increased dividends
NZ King Salmon Investments Ltd releases FY25 (Sept) results
RBNZ - OCR lowered to 2.25%
SVR - Savor Interim Results and Trading Update