Steady as she goes at IAWS

IAWS has had a "very satisfactory" year so far, shareholders were told at the food group's annual general meeting yesterday.

But it was too early to make a call on how it would perform over the full year, said chairman Philip Lynch.

"We are now five months into our new year and it is too early to make predictions about the current year, particularly as over 60% of our projected operating profit comes in the second half," said Mr Lynch.