02 June 1999
Greencore reports 7% advance

GREENCORE, the Irish foods and agribusiness group, reported a 7% rise in pre-tax profits before exceptional items to Euro34.4 million (£22m) in the six months to 26 March.

The companys profits were boosted by acquisitions and expansion in its sugar business which saw a 19% increase in tonnage and 7% advance in profits.

Profits from the foods business surged 32% as a result of acquisitions and growth in the pizza and sauces operations.