Tropical fruit supplier Fyffes has reported a 35% rise in profits and a 14% increase in revenues for the first six months of 2011, ­following a recovery in the banana market.

The company, which supplies UK and European retailers, said profits before interest and tax had gone up from 13.1m in the first half of 2010 to 17.7m in the first half of 2011.

Most of this 4.2m was down to its banana operations, Fyffes said, which had done much better than in 2010, when trading conditions had been difficult because of cold weather in Europe and a global oversupply of bananas.

Fyffes said overall market conditions remained challenging, with fruit and shipping costs rising and fuel prices currently up 40% on 2010 prices, but chairman David McCann said the company was maintaining its target of achieving profits before interest and tax of between 20m and 24m for the full year.