FY18 Earnings Guidance Update
19 December 2018
FY18 Earnings Guidance Update
The Board of Directors of T&G Global Ltd advises that Group Profit for business year 2018
according to statutory accounts is now forecast to be a profit of between $8.0 - $10.0m,
compared with the 2017 result of $22.6m.
The disappointing result reflects updated forecasts in the results of a number of business
units, particularly:
• Covered Crops, due to tomato pricing reductions; and
• Peru Grapes, due to a reduced harvest arising from weather-related quality
issues.
While the 2018 forecast is down on the 2017 result, the Directors expect considerable
improvement in 2019, when the benefits of recent operational efficiency and quality
improvement initiatives are realised.
The 2018 full year results are expected to be released to the market on 27 February 2019.
Gareth Edgecombe
Chief Executive Officer
For and on behalf of the Board of Directors
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