IAWS, the Irish food and agricultural products group that is Ireland's 11th biggest listed company, with a market capitalisation of €934.3m (US$900.8m), has announced that its pre-tax profits for the last year stand at €70.3m, a rise of 17% from the previous year. The company, which has seen its shares more than double in price since December 1997, developed from a cooperative selling agricultural equipment such as fertiliser, into a company which now sells speciality baked goods such as "Cuisine de France" baguettes, ready-to-go foods, fertilisers and other agricultural products.