Group’s profits top €101m

Irish-headquartered global food group, Glanbia increased revenues markedly in the first six months of the year, driven largely by strong growth in its global performance nutrition division which saw revenues increase by almost 22%.

Total group revenue climbed 10.7% to € 1.8bn in the opening half of the year while pre-tax profits increased from €95m in the same period last year to €101.5m.

Commenting on the results, Glanbia Group managing director, Siobhán Talbot, said the growth seen in the opening half of the year maintained momentum in the Glanbia organisation and was largely in line with expectations.