IAWS profits up 13.7%
Food group IAWS has announced a total operating profit pre goodwill of €124.1m for the year ended July 31, up 13.7% on the previous year.
Food sales increased by 22.6% to €892m, while year-on-year organic sales growth was up 12.1%. Underlying sales in Ireland increased by 6%, in the UK by 13% and in North America by more than 20%.
The IAWS group now distributes internationally to more than 50,000 outlets.
Group boss Owen Killian said: "Overall the group performed very well in 2005 notwithstanding the challenging environment in the market.
"We are achieving operational and business enhancements as a result of our continuing capital expenditure and acquisition programmes. The strong cash generative nature of our portfolio of businesses means that the group is well positioned to invest in its continued expansion."
