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Total Produce (TOT)

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Total Produce reiterates earnings guidance despite global trade uncertainties

31 May 19

LONDON (ShareCast) - (Sharecast News) - Fresh produce company Total Produce kept its expectations for full-year earnings growth unchanged on Friday, despite noting competitive markets and more uncertainty surrounding international trade.
Following its July 2018 acquisition of a 45% stake in Dole Food, one of the largest fresh produce companies in the world, Total Produce revealed the newly added business was trading in line with expectations.

The AIM-listed group told investors it was in "a strong financial position", with the Dole acquisition representing "a very significant step" and a continuation of its "successful expansion strategy".

Total Produce also revealed that subject to shareholder approval, a final dividend of 2.5140 cents per share will be paid on 6 June, representing a 2.5% year-on-year increase.

As of 0825 BST, Total Produce shares had picked up 3.06% to 139.13p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.


Market Data

Currency UK Pounds
Price 110.00p
Change Today 0.000p
52 Week High 161.50p
52 Week Low 105.00p
Volume 586
Shares Issued 388.43m
Market Cap 427.27m


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