12 August 1999
Golden Vale pre-tax profit up 11%
GOLDEN VALE, the Irish foods company, reported interim pre-tax profits up 11% to 14.9 million (£9.93m).
Turnover rose 7% to 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 35m, benefiting from higher sales volume sales of feed and fertiliser. Its profits increased from 1.6m to 2.2m.