[1 March/ Radio NZ]

Earnings for T&G Global and New Zealand King Salmon have increased due to New Zealand’s reputation for quality fresh food exports. Fresh produce seller T&G Global has seen a two-thirds rise in full-year profit due to increased sales. The company showed a $32.4 million net profit for the year ended December, including an almost $12m gain on an asset sale, compared with $19.5m in the previous year. Net profit for the six months ended December was $8.7m, increasing from prior year’s $5.7m figure. The country’s largest fish farmer, New Zealand King Salmon, has seen a 52 percent rise in its first half profit due to stronger exports. Chief Executive Grant Rosewarne said further focus on its brand and marketing helped a 19 percent rise in export volumes. The company has added retail and marketing expertise to drive business development in North American supermarket channels, initiated sales to China and has finalised a single harvest method, opening European exports and improving operational efficiencies.