Turners & Growers (T&G) has forecast a 10 to 20 per cent rise in gross profits over the 2014 calendar year, up from NZ$23.4m in 2013.
The New Zealand-based group said the 2014 full year performance had been affected by “a number of significant items,” including the acquisition of Apollo Apples andthe revaluations of land, buildings and biological assets. T&G noted that these items do not impact the cash position of the group, and are subject to external audit review.
The group added that the trading results over the second half of 2014 were consistent with the corresponding period of the previous year. T&G expects to release its audited result for 2014 on 27 February.
