Costa results cream of the crop

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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 the 5th of April.

Costa CEO 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