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Carl Collen

BY CARL COLLEN

Total Produce highlights financial strength

Fresh produce giant is targeting continued growth for the rest of the year

Total Produce highlights financial strength

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Total Produce has confirmed that it is targeting continued growth for 2019, with full year earnings growth expectations remaining unchanged despite"competitive markets and more uncertainty surrounding international trade".

As previously announced, on 31 July 2018 the Group completed the acquisition of a 45 per cent stake in Dole Food Company, one of the largest fresh produce companies in the world.

Dole is currently trading in line with expectations, according to Total Produce, and 2019 will be the first full-year incorporating the group’s share of Dole’s results.

Subject to shareholder approval, a final dividend of 2.5140 cent per share will be paid on 6th June 2019 representing a 2.5 per cent increase on last year, the group announced.

"Total Produce is in a strong financial position and the Dole transaction represents a very significant step and a continuation of the Group’s successful expansion strategy," the group said.

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