Fyffes reports revenues and profits grow

Fyffes has reported a 14.5% increase in revenues for 2011 and said it has made a positive start to 2012.

Fyffes said that total revenues rose to €850m from €742m while its pre-tax profits rose to €12.493m from €8.796m. 

The fruit importer said that conditions in the banana market followed a more normal pattern in 2011, average selling prices were higher. Fyffes reported higher profits in its pineapple sales last year, volumes grew by more than 10%. Despite less favourable market conditions in melon business, revenues grew by 7%.
 
 

source : irish examiner, rte ie