31st May 2019 08:38
LONDON (Alliance News) - Fresh food firm Total Produce PLC on Friday reaffirmed annual guidance despite trade uncertainty and strong competition from peers.
The Irish firm in March guided for a mid to upper single-digit percentage adjusted earnings per share rise in 2019, from 10.51 euro cents in 2018.
"The group's full year earnings growth expectations remain unchanged, despite competitive markets and more uncertainty surrounding international trade," said Total Produce.
Dole, which was bought last year for USD300 million, is meeting expectations, and Total Produce said it is in a "very strong" financial position following the "significant" deal.
Shares were 3.1% higher on Friday morning at a price of 139.13 pence each.
Related Shares:
TOT.L