Fruit and vegetable marketer Turners & Growers has announced a $10.1m pre-tax profit for the six months to June 30, and is forecasting an annual return in the black as well.

The half-year figure is up nearly one and a half million on  2009, but profit after tax is down $3.8m as the company retains $5m dollars to cover new taxes on building depreciation.

Turners chairman Tony Gibbs says despite some factors out of the company’s control, the annual result should be up on last year as well

The Turners board has not declared a dividend.