IRELAND: US gladdens Glanbia
Continued strong growth from its US food ingredients business is driving a "good first half" at Glanbia, the Ireland-based firm said today (14 May).
Ahead of its AGM, Glanbia said the US operations had boosted performance from its ingredients and nutritionals business.
Glanbia was more subdued about its consumer foods business in Ireland, which it said was expected to post a "satisfactory" first-half performance.
Nevertheless, group MD John Moloney said margins from the consumer foods business had recovered. He added: "For the full year, we expect to continue to build on our excellent 2007 performance."
Glanbia saw profits jump 35% during 2007 thanks in part to its US ingredients division.
Glanbia, the Ireland-based cheese and nutritional products maker today (27 August) posted a 38% jump in underlying pre-tax profits for the first half of 2008....
Irish cheese and nutrition company Glanbia has acquired US sports nutrition firm Optimum Nutrition for US$315m free of debt....
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