The fruit distributing company Fyffes have increased their earnings per share target following a strong first half to the year.
In a pre-close statement to the stock exchange today the company said: ""With the benefit of this very positive start to the year and notwithstanding the strong performance achieved in the second half of 2004, Fyffes' current target for full year 2005 is an increase in adjusted earnings per share, excluding exceptional items, in the mid teens in percentage terms, ahead of current market expectations."
The company expects the adjusted earnings per share to be around 40 per cent higher than last year.
The group is currently planning to invest a further €22 million in new properties throughout Europe.
Fyffes shares were up 12 cent to €2.45 in Dublin this morning. The company will publish interim results in early September.