With operating profits up almost 23 per cent, revenues up over 18 per cent and a 10 per cent dividend increase, Glanbia’s 2010 results were exceedingly better than expected according to Managing Director John Moloney.
“We had an excellent year, with results ahead of expectations,” said Mr Moloney.
“The Group benefited from strong organic revenue growth in our three nutritionals’ businesses, a return to profitability in Dairy Ingredients Ireland and the delivery of our strategic cost reduction programmes in Ireland – and the Group is well positioned for 2011.”