Profits at Limerick infant formula plant Wyeth Nutritionals top €155m

The boom in infant formula exports to China last year contributed to pre-tax profits at Limerick based Wyeth Nutritionals more than doubling to $165m (€155m).

Last year, Ireland became the second largest exporter of infant formula to China, exporting 13,100 tonnes in the first half of the year alone.

Now, new accounts filed by Wyeth Nutritionals Ltd show that its profits soared as revenues increased by 11% to $584m.