Glanbia raises profit guidance after improved margins in flagship GPN division

Glanbia, the performance nutrition and ingredients group, has raised its profit guidance for the second time this year as it continues to see improvement in its flagship performance nutrition arm.

Announcing interim results on Wednesday, the Kilkenny-based company said it now expects to achieve adjusted earnings per share growth of between 12 and 15 per cent this year with profit margins in its performance nutrition business expanding strongly. The outlook is a considerable improvement on ...