Fyffes windfall to fund future expansion

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Mike Knowles

BY MIKE KNOWLES

@mikefruitnet

Fyffes windfall to fund future expansion

Fyffes is to use its recent High Court payout on expansion

Fyffes windfall to fund future expansion

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Fyffes chairman David McCann has reportedly told shareholders that a €37.6m payout following its recent High Court battle against DCC will be spent on expansion.

At its AGM last week, the company forecast higher earnings for 2008, but said it would have to pass on recent inflation in the cost of fruit and fuel to maintain its performance.

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