By FWi staff
IRISH food group Glanbia has announced a virtual doubling of operating profits for the half-year ending 30 June, 2001.
Profits rose by 84% to 45.46 million (28m), up from 24.65 (15.2m) for the same period last year.
The figures contrast strongly with 2000 when the company was forced to issue a profits warning, after serious under-performance in the UK meat and food service sectors.
Foot-and-mouth is partially credited for the turnaround, with an increase in feed sales due to higher stocking levels.