Earnings fall at Glanbia, despite revenue growth

  • Earnings fall at Glanbia, despite revenue growth
    Independent.t. E.
    Earnings before interest, tax, depreciation and amortization in Glanbia, which is by 7.3 PC year-on-year in constant currency € 123.7 m in the six months to June 30.
    https://www.independent.ie/business/irish/earnings-fall-at-glanbia-despite-increase-in-revenue-37199327.html
    https://www.independent.ie/business/article37199330.ece/2be8a/AUTOCROP/h342/2018-02-22_bus_38746480_I1.JPG

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Earnings before interest, tax, depreciation and amortization in Glanbia, which is by 7.3 PC year-on-year in constant currency € 123.7 m in the six months to June 30.

During the period the group’s revenue increased by 3.6 PC in constant currency to €1.1 billion, however, it was 6.2 PC in reported currency.

Meanwhile, the total profit of the company (after discontinued operations and exceptional items) for the reporting period amounted to €98.2 m € 16.7 m to year and a half.

Glanbia on the Pro-forma share of joint ventures profit after tax from continuing operations decreased by €8.2 million to EUR 17.8 m, According to interim results of the group.

The group described the performance as “in line with expectations”.

“We continue to drive volume momentum from 5.7 PC growth in the first half and reiterate guidance for the full year volume growth in key portfolios Glanbia performance nutrition Glanbia and nutrition solutions in the mid-high range is unambiguous,” Siobhán Talbot, group MD, said.

“We expect profitability for the full year to be similar to 2017; we have focused on investing in our brands and operational infrastructure in the first half in anticipation of reducing costs, which materialize as expected in the second half of the year.”

Looking forward Glanbia again for a year plan 2018 5pcs 8pcs for growth Pro-forma adjusted earnings per share from continuing operations, in constant currency.

Glanbia Performance nutrition business revenue has grown by 4.9 PC on a constant currency (a decline of 4.4 PC was), while its earnings before interest, tax, depreciation and amortization decreased by 16.4 PC on a constant currency basis (24.6 PC on a reported basis).

Meanwhile, its biologically active additives showed revenue growth of 2.4 PC on a constant currency basis, which is 7.8 PC on a reported basis.

Earnings before interest, tax and depreciation for the dietary Supplement business growth of 4.5 PC in constant currency, however, it was 6.2 PC on a reported basis.

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