Total Produce reaffirms earnings targets

Fruit and vegetable distributor Total Produce said its adjusted earnings per share of 5.5 cents to 6

Fruit and vegetable distributor Total Produce said its adjusted earnings per share of 5.5 cents to 6.5 cents for this year remains unchanged.

The company said in a statement today that having completed the first four months of its financial year, Total Produce “is pleased to announce that its 2009 earnings targets remain unchanged”.

Chief executive Rory Byrne said the company was “well placed” to cope with consolidation in the retail industry.

He was speaking at the company’s annual general meeting in Dublin today.

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