Capespan South Africa has posted a 16.7 per cent leap in revenue for the first half of 2008 - but believes generating a similarly strong performance during the second half could prove much trickier.
The group attributes a growth in revenue from R890 million (£58m) to R1.04 billion to the performance of its fruit business.
The increase comes despite a decline in export volumes of around five per cent.
Free on board prices have risen by around 62 per cent, according to Capespan, due to higher values for major fruit lines and the depreciation of the rand.
Net operating profit before finance costs increased from a loss of R2.8m to a profit of R60.5m.
But Capespan believes generating a similarly solid performance in the second half of 2008 will be trickier.
In a statement, the company said: “The international fruit markets have slowed down and, together with an anticipated reduction in South African citrus volumes, will impact negatively on the group's performance in the second half of the year. However, total fruit volumes are anticipated to grow above the prior year, due to a continued growth in non-South African sourced products.”
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