Greencore chairman to deliver results
Greencore chairman Ned Sullivan is expected to announce increased pre-tax profits at the company’s AGM today.
Profits before tax, amortisation and exceptional costs are said to have grown by 6.4%, and headline earnings per share by 4.3%.
The ingredients division faced a challenging market environment in 2005. The uncertainty surrounding the EU sugar regime and significant overcapacity in EU malt markets led to a reduction in divisional operating profits of 11.2% to €41.4m, Mr Sullivan is to point out.
