Costa (ASX:CGC) share price in focus after its results smash expectations

The Costa Group Holdings Ltd (ASX: CGC) share price will be on watch this morning following the release of its half year results.

Those results show that Australia’s leading grower, packer, and marketer of fresh fruit and vegetables is well and truly back on form after a couple of disappointing years.

How did Costa perform in 2020?

For the 12 months ended 27 December, Costa reported an 11.2% increase in revenue to $1,164 million.

This was driven by a 7% increase in Produce revenue to $930.2 million, a 49.1% jump in International revenue to $136.7 million, and a modest 0.8% increase in Costa Farms and Logistics revenue.

Boding well for the Costa share price is the fact that things were even better for Costa’s earnings in…