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Total Produce H1 Profit Up, Confirms FY10 Adj. EPS View - Quick Facts

(RTTNews) - Total Produce Plc (TOT.L) Thursday reported a pre-tax profit of EUR 21.71 million for the half year ended June 30, up from EUR 20.57 million in the previous year.

Pre-tax profit before exceptional items and amortisation of intangible assets rose 3.8% to EUR 25.3 million from EUR 24.3 million last year.

Profit attributable to equity holders of the parent was slightly up to EUR 12.58 million or 3.58 cents per share from EUR 12.02 million or 3.42 cents per share a year ago.

Adjusted earnings for the period was EUR 14.50 million or 4.12 cents per share compared to EUR 14.30 million or 4.06 cents per share last year. Group revenue increased to EUR 1.20 billion from EUR 1.17 billion a year ago.

Further, the board has declared an interim dividend of 0.54 cent per share, unchanged from the 2009 interim dividend, and it will be paid on the November 2 to shareholders on the register at October 8.

Looking ahead, the company confirmed its adjusted earnings per share target to be towards the upper end of its annual target range of 5.5 to 6.5 cent per share.