Fruit distribution company Fyffes today reported pre-tax profits of €68.1 million for 2002, an increase of 8 per cent on 2001.
The overall performance of its core banana division was broadly similar to 2001. The group cut costs during the year - including the closure of another ripening centre in Britain.
Operating profit before goodwill for the year increased to €63.3m compared to €61.6 million in 2001.
Fyffes announced a final dividend of 3.9384 cent per share. This will result in a total dividend for the year of ?5.203 cent, an increase of 10 per cent on last year.
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Fyffes chairman Mr Neil McCann, described the results as "highly satisfactory", given the uncertain market conditions.