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:

KMD completes Placement and Institutional Entitlement Offer
SML - North Island asset sale completed
RAD - Radius Care Expansion Continues with Care Home Acquisition
PFI - Property for Industry Limited Bond Offer Final Terms Sheet
April 1st Morning Report
FSF - Fonterra completes sale of Mainland Group to Lactalis
GNE - Resignation of Chief Financial Officer
PFI - Property for Industry Limited Launches Bond Offer
March 30th Morning Report
HGH Ltd Results for the 6 months ended 1 February 2026