T&G Global reports another loss, but optimistic about future
Chief executive Gareth Edgecombe said weakness in New Zealand consumer activity and lower apple volumes drove business losses.
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Produce exporter T&G Global has reported another loss, with its half-year earnings down as its orchards continue to recover from Cyclone Gabrielle.
Key numbers for the six months ended June compared with a year ago:
Reported net loss $21.4m vs $17.7m loss.
Revenue $820m vs $765.3m.
Operating loss $2.6m vs $11.6m loss.
T&G Global's reported net loss was 21 percent more than its loss for the same period last year.
The loss includes a tax expense of $10.4 million due to government tax changes.
Chief executive Gareth Edgecombe said weakness in New Zealand consumer activity and lower apple volumes drove business losses, but the outlook was m...
