Glanbia reports 18.5% growth in 2008

International cheese and nutritional ingredients Group Glanbia says its operating margin in 2008 was up 80 basis points and its profit before tax was up 20.8%.

The company’s adjusted earnings per share were up 18.5%, following a 25% increase in 2007.

The international division was marginally down in 2008, as a strong performance by Food Ingredients USA and Nutritionals was offset by a difficult year for Food Ingredients Ireland.

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