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FY2020 comes up apples for T&G Global in tough Covid-19 climate

FY2020 comes up apples for T&G Global in tough Covid-19 climate
28 Feb, 2021 08:42 PM
4 minutes to read
A bonanza New Zealand apple season which delivered significantly better fruit sizes, volumes and quality, plus Covid 19-driven demand in some international supermarkets made T&G Global s apple business the star performer of a much improved 2020 financial year.
The apple business delivered a revenue increase of 24 per cent to $875.2 million for the year to December 31, which along with efficiency gains, boosted this division s operating profit by 56 per cent, from $33.5m in 2019 to $52.1m.
T&G s major New Zealand apple markets are North America, Asia and Europe. The improved apple crop helped offset a reduction in packhouse throughput and increased supply chain costs due to Covid-19. ....

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"Our strong underlying results demonstrate our strategy and performance is delivering"

Our strong underlying results demonstrate our strategy and performance is delivering
T&G Global today announced its financial results for the year ending 31 December 2020, which show the Group delivered strong growth in a year of uncertainty.
Chief Executive Gareth Edgecombe says the results are a credit to the team’s hard work and the ongoing transformation to improve T&G’s underlying performance. “It’s been a year of extraordinary challenges, with the COVID-19 pandemic creating uncertainty and volatility around the world. International lockdowns and changes to operating procedures affected the day-to-day running of our business, with other setbacks such as the closure of some international wholesale markets and complexities around the import and export of produce, providing other challenges for T&G. Despite this, our team showed a huge amount of resilience and adaptability, uniting under difficult and uncertain circumstances. The result is testament to their ....

New Zealand , Gareth Edgecombe , Klaus Josef Lutz , Executive Gareth Edgecombe , New Zealand Envy , Freshmax New Zealand , Nayland Road , Man Go , Job Offers , புதியது ஜீலாந்து , கரேத் எட்கேகோம்பே , கிளாஸ் ஜோஸெஃப் லூட்ஸ் , நிர்வாகி கரேத் எட்கேகோம்பே , புதியது ஜீலாந்து பொறாமை , வேலை சலுகைகள் ,

FY2020 comes up apples for T&G Global in tough Covid-19 climate

FY2020 comes up apples for T&G Global in tough Covid-19 climate
nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.

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