Ireland-based tropical fruit distributor Fyffes reported a 5.6 per cent rise in group revenue for the six months to 30 June 2008 compared with the same period last year. Revenue reached €302m, in contrast to 2007’s €286.2m.
In addition, adjusted earnings before interest and tax rose to €15.5m, which represented an increase of 32.7 per cent compared with last year’s €11.7m.
Commenting on these results, chairman David McCann said: “Over the last two years, our industry has experienced unprecedented increases in the costs of fruit, shipping and fuel. During the first half of 2008, Fyffes achieved increases in selling prices which, combined with more favourable exchange rates, enabled us to offset the impact of substantially higher costs.”
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