Glanbia predicts earnings boost

GLANBIA, the leading supplier of mozzarella cheese in Europe, has confirmed its first-half figures will show a strong improvement over the same period last year.

The results will be in line with earlier indications which forecast a boost of about 15% in earnings for 2010.

The Kilkenny-based global nutritional and cheese group said the improved outlook reflects a much better position for the Irish dairy business that lost an estimated €18m last year.