Glanbia revenue soars 13% to €1.6bn

Financial analysts have responded favourably to Glanbia’s half-year results, which saw its revenue for the first half of the year rise by 13% to almost €1.68bn.

Pre-tax profits for the six months to the end of June rose to €95m from €88m the same time last year.

Glanbia’s international businesses are all steadily growing sales. Analysts expect Global Performance Nutrition and Global Ingredients to deliver positive year-end results, despite a likelihood of challenges in global markets for the remainder of the year.