Fyffes plc expected to Report First-Half, 2010 Results on September 1, 2010. This event was calculated by Capital IQ (Created on March 6, 2010).

Fyffes plc reported preliminary consolidated earnings results for the year ended December 31, 2009. Revenues including group share of joint ventures and associates before and after pre-exceptional was 726.7 million against 758.2 million last year. Group revenue before and after pre-exceptional was 598.1 million against 606.7 million last year. Operating profit before pre-exceptional was 17.5 million against 11.6 million last year. Total operating loss was 11.7 million against 1.4 million last year. Loss before tax was 11.2 million against profit before tax of 128,000 last year. Loss attributable to equity shareholders was 10.4 million or 3.03 cents per basic and fully diluted share against profit attributable to equity shareholders of 70,000 or 0.02 per basic and fully diluted share last year. Adjusted earnings per share fully diluted, excluding Blackrock were 5.19 cents against 3.95 cents last year. Cash flows from operating activities were 14.4 million against 30.6 million last year. Earnings before interest and tax excluding the group's share of Blackrock's result, exceptional items, amortization of intangibles and the group'sshare of tax of its joint ventures were 20.7 million against 15.3 million last year. Profit before tax excluding the group's share of Blackrock's result, exceptional items, amortization of intangibles and the group'sshare of tax of its joint ventures was 21.2 million against 15.9 million last year. The cessation of activities by Nolem, the group's former Brazilian melon joint venture, contributed to the reduction in total Revenue, including the group's share of its joint ventures. Capital expenditure in 2009, excluding the 5.6 million cost of a distribution centre acquired from a joint venture in the UK which was funded by a dividend from that joint venture, amounted to 4.8 million, similar to the depreciation charge for the year.The group invested 3 million in new acquisitions in 2009, including debt acquired. Acquisition of property, plant and equipment was 10.3 million against 14.8 million last year. The board is proposing to pay a final dividend for 2009 of 1.1 cent per share.Subject to shareholder approval at the forthcoming AGM, this dividend, which will be subject to Irish withholding tax rules, will be paid on May 20, 2010 to shareholders on the register on April 16, 2010. Total dividends in respect of 2009 will amount to 1.65 cent per share, equivalent to a payout ratio of 31.8% based on adjusted earnings per share and an increase of 10% on the previous year. For the year ago period, total dividend was 1.50 cents per share last year. The company revised earnings guidance for 2010. The company is now targeting an adjusted EBITA for 2010 in the range 14 million - 18 million, which was its original target for 2009.The Group must achieve increases in average selling prices in all markets to offset the impact of unfavorable exchange rates and higher industry costs. Earlier the company was targeting an adjusted EBITA for 2010 in the range 17 million - 22 million.

Fyffes plc announced that they will report fiscal year 2009 results on 03/05/2010