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T&G narrows loss despite ongoing cyclone impact on apple volumes

The fruit grower and exporter shows 7% increase in half-year revenue to $820m.

T&G Global’s half-year apple revenues are up.

NBR Staff Fri, 09 Aug 2024
Key points
  • Revenue: Half-year turnover up 7%, from $765.3 million to $820.1m.
  • Net loss after tax: Expanded from $15.7m to $18.6m, including impact of depreciation tax changes.
  • Main takeaway: Apple revenue is up despite lower volume from cyclone-affected Hawke's Bay.

T&G Global (Turners and Growers) has reported an improved operating loss for the first half of 2024, down from $11.6 million in 1H 2023 to $2.6m in the six months to the end of June.

The NZX-listed company, which grows apples, tomatoes, citrus and blueberries, told the market this morning that

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NBR Staff Fri, 09 Aug 2024
Contact the Writer: editor@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Key points
  • Revenue: Half-year turnover up 7%, from $765.3 million to $820.1m.
  • Net loss after tax: Expanded from $15.7m to $18.6m, including impact of depreciation tax changes.
  • Main takeaway: Apple revenue is up despite lower volume from cyclone-affected Hawke's Bay.
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T&G narrows loss despite ongoing cyclone impact on apple volumes
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