IRELAND: Greencore reports solid H1, but ingredients sluggish
Irish food manufacturer Greencore has reported a respectable set of H1 results on strong sales and profits from its chilled and frozen food arms.
Overall sales rose 45% (up 5% like-for-like) while operating profits climbed 40% to €50.3m (US$57.1m). Pre-tax profits rose 32% to €22.1m.
However, both sales and profits declined at Greencore's ingredients business - comprising Irish Sugar and its malting operations in Ireland, the UK and Belgium. Sales eased off slightly to €211.3m (US$198m) while operating profits fell 7% to €17.7m.
Greencore has announced that, following an extensive review of the new European sugar regime, it will stop processing sugar in a move that looks set to spell the end of sugar beet cultivation and proc...
Irish-based food and agribusiness company Greencore has announced a fall in sales and increased losses for the year ended 30 September 2005 hit by exceptional charges associated with restructuring and...
Irish-based food and agribusiness company Greencore has announced a number of initiatives it has undertaken during the last two months aimed at developing the business....
Irish food group Greencore increased profit for the first half year ended 25 March but was hit by the costs of reorganising its sugar arm....
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