IAWS sees pre-tax profits rise by 13.5%

STRONG growth in the lifestyle food operations in the first half of 2007 will continue to drive the business of IAWS in the second half, the company has said.

IAWS has also disclosed it may float its original core businesses including farm inputs, ambient foods and its land banks in Dublin and Cork.

Commenting on the outlook for the full year, chief executive Owen Killian ruled out a further major acquisition in the short term having paid out €463 million to buy Otis Spunkmeyer in November.