Glanbia agm: Trading in line with forecast

Shareholders in Glanbia have been told by Group Managing Director John Moloney that he expects trading to be in line with market expectations for the full year.

The international food group held its annual general meeting today.

Chairman Tom Corcoran said significant progress has been made with a major strategic re-organisation now complete.

He also said the Board expects to make further progress in the current year.

Addressing shareholders today, Corcoran said: "I am confident that developments commenced in 2003, together with planned initiatives in 2004, will deliver satisfactory earnings growth in 2005 and beyond."

Shares in the company were down 5c to €2.25 in mid-morning trading on the Iseq today.