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5 August 2021 T & G Global reports its 2021 Interim Results At a glance Revenue : $ 652.1 million , down from $ 671.3 million Operating profit : $ 10.9 million , down from $ 19.5 million Net profit before tax : $ 5.1 million , down from $ 13.7 million • • • Net profit after tax : $ 3.4 million , down from $ 9.5 million • Net assets : $ 514.9 million , up from $ 479.8 million T & G A BayWa Company T & G Global today announced its Interim Results for the six months to 30 June 2021 , which show the Group has not been immune to the pressure of continuing industry - wide challenges . Total revenue for the Group decreased by 2.9 % to $ 652.1 million , compared to the same period last year , and operating profit decreased to $ 10.9 million from $ 19.5 million . Profit before income tax decreased 63 % to $ 5.1 million , down from $ 13.7 million . Chief Executive Gareth Edgecombe says while COVID - 19 continues to impact the business , T & G has stayed absolutely focused on what it can control and its long - term strategic growth plans . " The first half of the year has been challenging , with ongoing uncertainty and volatility . Our T & G whānau responded strongly to this , supporting each other , delivering on our strategy and keeping fresh produce flowing to consumers and customers around the world . I'm incredibly proud of our people and our growers , " says Gareth . " Globally , high - quality fresh produce is more in demand than ever before and we're seeing incredible growth potential for our premium brands . Despite this , continuing international supply chain challenges , including disrupted shipping schedules , had more of an impact than we experienced proportionately last year . This affected our ability to get fresh produce to market on- time . We worked hard to address this , sourcing several charter ships and partnering with other businesses and industries , however these issues contributed to our financial performance . " T & G's Apples business reported a decrease in revenue for the period to $ 425.0 million , down $ 15.5 million from the corresponding 2020 period . " We had a challenging start to the season for our Apples business , with adverse weather conditions in Nelson impacting a significant portion of our crop and our growers . In addition , the apples ripened early , creating a race to get the fruit off trees with a shortage of skilled workers ready to work in the regions . This meant we saw an unprecedented amount of unpicked fruit . " We worked hard to address the shortage of skilled and experienced workers , hiring more than 950 New Zealanders throughout the season . We also invested heavily in automation , welcoming eight new state - of - the - art automated picking platforms to increase productivity on our Hawke's Bay orchards , while also assisting in reducing injuries . Despite these efforts , at the peak of the season we were still short around 300 people per day . " Looking ahead , we're well progressed on our pathway to transition to a high - tech , automated growing and post - harvest model , and building capabilities amongst our local workforce , however this is a process which will take years to transition to . " The company remains firmly committed to investing in its premium Apples business and in particular , growing its Envy TM brand to meet worldwide demand .