Fruit distributor Fyffes sees first quarter revenues rise

Fruit distributor Fyffes, which held its annual general meeting yesterday, recorded total revenues of €306.5 million for the first quarter, up 3.4 per cent on the €296.5 million reported for the same three-month period a year earlier. The company said group revenue, which excludes Fyffes share of joint ventures, was up 5.4 per cent to €256.7 million from €243.4 million.

Chairman David McCann said that in relation to Fyffes' proposed merger with rival Chiquita, which was announced in March, a registration statement on Form S-4 has been submitted to the SEC in the US and will be circulated to shareholders once it has been declared effective by them.