Double digit pre-tax profit growth for IAWS

FOOD to agribusiness group IAWS reported a strong set of results with diluted Earnings Per Share up 17% to 62.10 cent.

Highlight of the year was the performance of the group’s investment in associates and joint ventures in Canada and Switzerland.

These contributed 14% to the increase of €109m in total operating profits before goodwill. In 2003, the figure was €95.7m