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Is it true Billy Connelly got his banana boots from FFY?
Fruit importer Fyffes has lifted its full-year forecasts after successfully increasing banana and pineapples sales. Total revenue, including the group's share of its joint ventures, was €92m higher (20.0%) year-on-year in the first half, amounting to €550.1m. Profit before tax came in at €22.4m against €17.3m while the interim dividend was raised from 0.605 euro cents last year to 0.65 cents this year. Fyffes says banana sales were particularly strong, showing a €3.9m increase in operating profit. This came despite a significant adverse movement in exchange rates, due to the strength of the US dollar, combined with higher fruit costs and a further 20% increase in bunker fuel prices. The answer was quite straightforward - raise prices, which is exactly what Fyffes did. Pineapple sales increased 8% by volume and also benefited from lower shipping costs. Commenting on the results, Chairman David McCann said: "Fyffes has delivered a strong increase in profits for the first half of the year, driven by further organic growth in each of its product categories. Earnings per share also benefited from the significant repurchase of shares in 2011. Fyffes is increasing its 2012 full year target for earnings before interest, tax depreciation and amortisation (EBITDA) range to €28m-€33m from €25m-€30m previously."
Fyffes reports rising sales as banana prices rise Date: Monday 03 Sep 2012 LONDON (ShareCast) - Fruit importer Fyffes has lifted its full-year forecasts after successfully increasing banana and pineapples sales. Total revenue, including the group's share of its joint ventures, was €92m higher (20.0%) year-on-year in the first half, amounting to €550.1m. Profit before tax came in at €22.4m against €17.3m while the interim dividend was raised from 0.605 euro cents last year to 0.65 cents this year. Fyffes says banana sales were particularly strong, showing a €3.9m increase in operating profit. This came despite a significant adverse movement in exchange rates, due to the strength of the US dollar, combined with higher fruit costs and a further 20% increase in bunker fuel prices. The answer was quite straightforward - raise prices, which is exactly what Fyffes did. Pineapple sales increased 8% by volume and also benefited from lower shipping costs. Commenting on the results, Chairman David McCann said: "Fyffes has delivered a strong increase in profits for the first half of the year, driven by further organic growth in each of its product categories. Earnings per share also benefited from the significant repurchase of shares in 2011. Fyffes is increasing its 2012 full year target for earnings before interest, tax depreciation and amortisation (EBITDA) range to €28m-€33m from €25m-€30m previously." BS
Fresh fruit and flower importer Fyffes has performed well in 2012 so far, increasing its target EBITA (earings before interest, tax and amortisation) range for the full year 2012 to €25m-€30m, from €22m-€27m previously, and compared to €23.2m in 2011. This, the firm points out, equates to adjusted earnings per share of between 6.80 and 8.30 cents, compared to 6.05 cents in 2011. "The industry has experienced further cost inflation during the period, including higher bunker fuel costs, and less favourable exchange rates," the firm said, attributing its improvements to "operational efficiencies, a continued focus on costs and returns on the group's significant investment in the business in recent years"
Hi folks, Anybody on here?! I recently commenced The Great Irish Share Valuation Project on my Wexboy blog. I'm setting a Fair Value Price Target for every listed Irish company. So far I've valued 2 dozen companies, including Fyffes. I hope you'll take a look (don't hesitate to comment or email me), and perhaps become a regular reader. Cheers, Wexboy
So happy going to buy myself a pound of bananas Fyffes of course.
Buy them whilst they are stiil cheap, results out wensday
No bananas trees in my garden but I do have a large wheelbarrow. If I did have a banana tree I could then collect them without straining my back. I am thinking of painting it Yellow to go with my wellington boots.
Do you have a banana tree or two, that grows bananas, i would buy them. There is money in them bananas. Seriously these bananas might fly.
Hello Radar maybe we could start our own blog. You don't get many banana trees in Norwich.
Nobody at all
Is anyone there hiding in the dark?????
8% gone bananas
This has one up about 33% in the last month and I think it will go further. Not bad for bananas.
But it might be a lemon
No change here for hours. I think i'm in the twilight zone....
Total Produce Plc 02 January 2007 Total Produce Plc admitted to trading on IEX and AIM 2 January 2007 Total Produce Plc is pleased to announce that it has been admitted to trading and that dealing in its ordinary shares will commence today on the IEX market of the Irish Stock Exchange and the AIM market of the London Stock Exchange. Commenting on the admission, Carl McCann, executive chairman of Total Produce said: 'We are very pleased at today's launch of Total Produce on the IEX and AIM markets. The Group is one of the leading fresh produce distributors in Europe and has a strong and experienced management team. Our ambition is to enhance shareholder value through a combination of organic growth and by continuing to pursue acquisitions of companies in the General Produce and Distribution Sector.' About Total Produce Total Produce is one of the leading operators within the European General Produce and Distribution Sector. Its operations are comprised of the General Produce and Distribution Business which was demerged from Fyffes plc on 30 December 2006. This business recorded turnover of €1.7bn and operating profits of €32m in the year ended 31 December 2005, up from a turnover of €1.5bn and operating profits of €30m in the prior year.
sp has gone bananas! why? someone slipped up on a banana skin?
I have lived and still live overseas I am interested as to what happened to United Bisciuts used to produce KP Macvitities Crawfords biscits and countlines etc.