McCann was speaking at the company's agm on Tuesday. 'Part of this recovery was due to a better market last year, but it also resulted from decisive and determined action by management,' said McCann. 'In particular, ?20million of cost savings were targeted and delivered in 2001SOn behalf of shareholders, I would like to thank all of our people for their dedication and commitment to the performance and development of the group during the past 12 months.' McCann indicated that the year so far is progressing according to plan for Fyffes with prices and exchange rates broadly in line with last year's levels. 'We continue to seek the price increases necessary to offset the higher costs arising from the strong dollar, while at the same time pursuing further savings in supply and operating costs,' he said. 'The group remains well placed to build on its market position and substantial resources in order to pursue increased shareholder value.'

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