August 23, 2018 / 10:17 PM / 3 months ago

Australia's Costa Group annual profit doubles

Aug 24 (Reuters) - Costa Group Holdings Ltd, Australia’s biggest horticultural firm, reported a doubling in full-year attributable profit, helped by strong performance in its produce and international segments and one-off items.

Full-year profit attributable rose 99.5 percent to A$115.2 million ($84.28 million), from A$57.7 million last year. The net profit includes A$48.3 million gain from consolidation of 49 percent interest in Moroccan joint venture, African Blue.

The firm announced a final dividend of 7.0 Australian cents per share, same as a year ago. ($1 = 1.3669 Australian dollars) (Reporting by Aaron Saldanha and Susan Mathew in Bengaluru; Editing by Lisa Shumaker)

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