Business Irish

Sunday 19 November 2017

Greencore reports hike in first half revenues

Patrick Coveney, Group CEO, Greencore Group
Patrick Coveney, Group CEO, Greencore Group

CONVENIENCE food firm Greencore has reported revenues of £619.8m for the first half of the year, an 8.2pc increase on a like-for-like basis.

Profits were up 14pc to £37.2m.

The company also announced details of its new £30m investment in a Northampton Food To Go Facility.

"The business delivered a strong first half performance, driving 18.6pc earnings per share growth," said chief executive Patrick Coveney.

"Our strategy of focusing on the food to go market is working well in both the UK and the US.

"Over the past six months we have stepped up our strategic investments in Minneapolis, Jacksonville, Rhode Island and Northampton to support confirmed new business with several large customers."

Online Editors

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business