Fruit company Fyffes said today that trading is in line with expectations and that it has spent €20 million on acquisitions this year.
"The group's expectations of its performance for the full year 2006 remain in line with its previous announcements in this regard," Fyffes said in a trading statement this morning.
The adjusted pretax profit for the first six months of 2006 is expected to be in the range of €37 million to €39 million, Fyffes said.
Consistent with the seasonal nature of the business, the first half of the year is traditionally stronger than the second.
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The group also revealed that it has invested over €20 million, including debt acquired, on a number of acquisitions in the year to date.