Dublin-based Greencore expects US profit increase following 'food-to-go' policy success

Greencore expects to see a significant step-up in profits in its US operations over the next couple of years after seeing its ‘food-to-go’ policy generate impressive growth on both sides of the Atlantic over the past 12 months.

The Dublin-based international convenience food group yesterday reported annual revenues of £1.34bn (€1.9bn) for the 12 months to the end of September, 5.2% up on the previous year.

Group operating profit was 10.6% ahead at £91.7m, adjusted pre-tax profit was up by 13.5% at £78m, and adjusted earnings per share grew by 13.2% to 18c.