German corporation BayWa, which is currently awaiting regulatory approval of its plan to secure a controlling interest in New Zealand agri-business Turners & Growers (T&G), has announced an increase in full-year revenues for 2011.
In a statement preceding the issuance of its full financial results for the year, Baywa reported its revenues last year rose 21 per cent to €9.6bn (US$12.7bn), while pre-tax earnings jumped almost 18 per cent to €151m.
The improved results were attributed to its strategy for targeted growth and internationalisation.
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