Total Produce Raises 2017 Earnings Target

By Publications Checkout
Total Produce Raises 2017 Earnings Target

Irish fresh produce company Total Produce has announced that it is raising its 2017 earnings per share target due to 'satisfactory trading' in the first four months of the year.

The group is now adjusting its target into the upper half of the previously announced 12 to 13 cent range.

In March, Total Produce increased its share in Canada's Oppenheimer Group by 30%, following a total investment since 2013 of €43.4 million.

Oppenheimer supplies fresh fruit and vegetables across North America, and achieved sales of almost €720 million last year.

This has added to Total Produce's financial position, and subject to shareholder approval, a final dividend of 2.2297 cent per share will be paid on 26 May 2017, representing a 10% increase on last year.

Article by Sarah Harford. © 2017 European Supermarket Magazine