T&G reveals profit climb

For fresh produce marketing in Australia and New Zealand
Carl Collen

BY CARL COLLEN

T&G reveals profit climb

New Zealand group says that profit during the first-half of 2012 climbed but holds back further details

T&G reveals profit climb

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Turners & Growers (T&G), the New Zealand-based agribusiness group, has revealed that its year-on-year net profit climbed by 2.2 per cent through the first six months of the year, up to NZ$7.1m (€4.7m).

However, according to New Zealand publication BusinessDesk, the group opted not to release any more information until its full results release on 17 August.

The group posted a NZ$18.9m (€12.5m) net loss for the full-year of 2011, mainly the result of NZ$32.5m (€21.4m) of write-downs of its orchards, a tax write-off and takeover costs.

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