Difficult fruit trading conditions in certain key markets, an erratic supply pattern because of unseasonal weather in source countries and the strengthening rand have caused a dramatic drop in the Capespan Group's results for the first half of 2010.

Capespan said that its adjusted profit before taxation amounted to R2.6m (£231,421), a decline of R75.2m when compared to the previous year’s R77.8m.

The group's revenues decreased by 13.3 per cent from R1.33bn to R1.16bn. However, the company, in an effort to point out the effect of exchange rates, said that if a constant currency rate based on 2009 average exchange rates is used, revenue declined by 2.1 per cent.

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