Irish food group Glanbia posted an 18.5 per cent rise in full-year earnings and said 2009 would be tough, with profit growth in a low to mid single digit range.
Adjusted earnings per share (EPS) for 2008 came in at €35.86 cents versus 30.25 cents a year ago, while basic EPS rose by 31 per cent to 26.76 cents, Glanbia said this morning.
That compared with a average forecast for EPS before exceptional items of 35.4 cents from five analysts polled by Reuters.
"Glanbia is continuing to maximise organic growth opportunities and aggressively manage costs to sustain the business through the current challenging environment," group managing Director John Moloney said.
Reuters
