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:

Spark New Zealand appoints new director to the Spark Board
AFT to announce full year results on May 23 2024
CRP - Korella North Takes Another Two Steps Forward
May 3rd Morning Report
ASB workers to strike as bank proposes an effective pay cut
Rising tides, sinking stocks: study explores cost of climate change
May 2nd Morning Report
AGL - Change in Senior Management
Devon Funds Morning Note - 01 May 2024
Rick Christie to step-aside as a non-executive director