Costa Group first-half profit falls 75%

Fresh fruit and vegetable producer Costa Group says first-half profit is down 75 per cent and it's keeping its dividend unchanged at five cents a share.

Fruit and vegetable producer Costa Group says its profits are down 75 per cent. (AAP)

Australia's largest horticultural company, Costa Group, says first-half profit fell 75 per cent to $7.1 million.

Profit for the six months to December 30, excluding material items and amortisation, dropped from $29 million a year prior.

Revenue for the same period was down 2.3 per cent to $477.6 million, but Costa held its dividend at 5.0 cents, fully franked.