Glanbia has announced its half yearly results this morning.
The South East based multinational saw its debt reduced by €126 million during the six month period.
Today, the company also announced the acquisition of Foodarom a flavouring business in Canada for 60 million Canadian dollars.
Meanwhile revenue from its performance nutrition business was down 15.6% to €532 million for the six months to July 4th, while adjusted earnings within the division fell 58.2% to €19.6 million.
Managing Director Siobhan Talbot says while the six months were difficult at an operational level, staff played a huge role in guiding the business in their branches throughout the South East.
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