12 August 1999
Golden Vale pre-tax profit up 11%

GOLDEN VALE, the Irish foods company, reported interim pre-tax profits up 11% to Euro14.9 million (£9.93m).

Turnover rose 7% to Euro 399m.

The group improved its margins in its consumer foods division, but this was offset by weak results from its butter and milk powder operations.

Its agritrading division, increased sales 13% to Euro35m, benefiting from higher sales volume sales of feed and fertiliser. Its profits increased from Euro1.6m to Euro2.2m.