Costa results cream of the crop

Company News

by Anna Napoli

Fresh produce company Costa Group Holdings (ASX:CGC) has reported its net profit after tax (NPAT-S) before SGARA and material items rose about 15 per cent to $29 million for the half year to December 2017.

Revenue was also up 9.8 per cent on the prior corresponding period to $489 million.

Its earnings before interest and tax (EBIT) increased over 255 per cent to $28 million.

The company declared a fully franked interim dividend of 5 cents per share to be paid on 5 April 2018.

Costa Group says the results reflect a strong first half, with citrus and tomato categories delivering a standout performance.

Shares in Costa Group Holdings (ASX:CGC) are 12.04 per cent up to $6.98

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.