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FY2020 comes up apples for T&G Global in tough Covid-19 climate 28 Feb, 2021 08:42 PM 4 minutes to read A bonanza New Zealand apple season which delivered significantly better fruit sizes, volumes and quality, plus Covid 19-driven demand in some international supermarkets made T&G Global s apple business the star performer of a much improved 2020 financial year. The apple business delivered a revenue increase of 24 per cent to $875.2 million for the year to December 31, which along with efficiency gains, boosted this division s operating profit by 56 per cent, from $33.5m in 2019 to $52.1m. T&G s major New Zealand apple markets are North America, Asia and Europe. The improved apple crop helped offset a reduction in packhouse throughput and increased supply chain costs due to Covid-19.

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