herald

Friday 15 December 2017

Glanbia profit up 18pc

FOOD group Glanbia has recorded an 18pc jump in profits to €161m in 2011 -- the company said that revenue increased by 23pc to €2.7bn

However, the company added that it was another difficult year for the food retail market in Ireland, with consumer sentiment falling sharply towards the end of the year.

It said the Irish economic and fiscal backdrop offers little respite to consumers, and as a result these market conditions are expected to persist this year.

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