Farming News - Glanbia has strong first half

Glanbia has strong first half

International nutritional solutions and cheese group Glanbia expects to deliver strong first half results.

It said: "Organic volume growth has sustained in all Global Nutritionals' key market segments and good progress was made with the integration of BSN, acquired in January 2011.

"US Cheese is expected to deliver a satisfactory first half performance despite somewhat lower volumes than in the first half of 2010, due to continued competitive pressures in the milk procurement environment.

"Positive global dairy markets and higher volumes have underpinned a good performance by Dairy Ingredients Ireland and supported a solid performance by Agribusiness."

But it says the trading environment for the group's consumer products business continues to be difficult as consumer sentiment remains weak and input cost pressures remain high.

Good performances are expected from the group's key joint ventures.