IAWS profits climb 23%
14/03/2005 - 13:02:15Irish food and agribusiness giant IAWS has announced pre-tax profits up 23% to €42.8m for the six months to January 31.
The group's sales grew 9% during the period.
Commenting on the 2005 half year performance, IAWS chief executive Owen Killian said: “The Group had a satisfactory performance in the first six months. Geographic diversification continued with a strategic acquisition in France bringing an additional range of quality food concepts to the Group.
"Our business in North America performed very well following the commissioning of new production facilities during the period.
"There was some margin erosion in our food business due to our ongoing business integration in the UK and trading conditions continue to be difficult in Nutrition/Agri.”
