Total Produce PLC - fresh produce provider - Reports "very strong" performance in 2020 in the context of the challenges posed by Covid-19 to the global economy. Says total revenue is up 1.7% to EUR6.26 billion. Pretax profit, however, slips 4.0% to EUR73.5 million amid exceptional items. Total Produce declared a 7.5% increase in 2020 final dividend to 2.770 cent per share, giving 3.6829 total dividend, up 5.5%.
On Wednesday last week, the company announced a binding deal with Dole Food Co Inc to combine under a newly created company, Dole PLC. It will be headquartered in Dublin, with its US headquarters in Charlotte, North Carolina. Dole PLC will be listed in New York and delisted from London and Euronext Dublin.
"We look forward to beginning this next chapter and providing increased opportunity for our shareholders, dedicated employees, customers, suppliers and partners," says Chair Carl McCann.
Current stock price: 180.00 pence
Year-to-date change: up 47%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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