Glanbia profits slump as trading remains tough

Harris, Robert
September 2005
Farmers Weekly;9/2/2005, Vol. 143 Issue 10, p22
Trade Publication
This article reports on a decline in the financial performance of Irish dairy and meat group Glanbia in September 2005. It has reported tough trading across its farm inputs business in the first 6 months of the year. Operating profit fell €3.1 million to less than €36 million. The slimmer margin comes despite an increase in sales, which rose €45 million to €926 million. Manufacturing at the group's yogurt plant in Inch is being restructured, costing €5 million, with further costs attached to the closure of two Dublin milk depots. The group's milk, cheese and whey protein ingredients business saw sales increase, especially in the U.S.


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