Fresh produce company Total Produce has reported higher revenues and adjusted profit before tax for the year to the end of December despite the "unprecedented challenges" posed by Covid-19 to the global economy.
25 February 2021 | 09:31am
StockMarketWire.com - Total Produce has announced a 1.7% rise in its total revenue to €6.259 billion which it claims to be very strong in the context of the unprecedented challenges posed by COVID-19 to the global economy .
The group s adjusted EBITDA was up 8.2% to €219.4m and adjusted pre-tax profit was up 18% to €116.0m.
It has also confirmed a 7.5% increase in the 2020 final dividend to 2.770 cent.
Carl McCann, chairman of Total Produce, said: These strong results demonstrate the robustness of the group s business model in the face of the unprecedented challenges posed by the ongoing COVID-19 pandemic.
On February 17, 2021, the group announced a binding deal with Dole Food Company Inc to combine under a newly created US listed company, Dole plc, which will be the number one player in fresh produce with estimated combined revenues of almost US$10 billion, adjusted EBITDA of approximately US$379 million and total assets of approximately
Earnings up almost 10pc at food group Total Produce independent.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from independent.ie Daily Mail and Mail on Sunday newspapers.
Charlotte s Dole to merge with Irish produce firm. Fruit icon s HQ to move to Dublin Austin Weinstein, The Charlotte Observer
Feb. 18 Charlotte-based Dole Food Company will merge with Irish firm Total Produce to form the world s largest fresh produce company, the two companies announced Wednesday.
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The combined company, to be called Dole plc, will have its global headquarters in Dublin, while its Americas headquarters will be in Charlotte.
The merger, which is pending shareholder and regulatory approval, will create a firm that will be a top supplier of everything from pineapples to lettuce to both Europe and North America.
Dole Food Company will merge with Irish firm Total Produce to form the world's largest fresh produce company, the two companies announced Wednesday. The combined company, to be called Dole plc, will have its global headquarters in Dublin, while its Americas headquarters will be in Charlotte, N.C. The merger, which is pending shareholder and regulatory approval, will create a firm that will be .