Unwelcome exceptional items have plagued Greencore’s results in recent years, but last week saw the food group deliver an unusually pleasant surprise for shareholders with a 10 per cent earnings upgrade that sent the share price to an all-time high.
David Dilger, chief executive, was upbeat as he announced pre-tax profits of €38 million for the six months to March, a like-for-like increase of 38 per cent. Revenues bounded ahead by 11 per cent...
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