Greencore reports 7% advance
GREENCORE, the Irish foods and agribusiness group, reported a 7% rise in pre-tax profits before exceptional items to 34.4 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.
- Encouraging Greencore results, FWi, 12 February, 1999
- The Times 02/06/99 page 24
- Financial Times 02/06/99 page 23