The impact of weak global dairy markets on Glanbia's business was offset by the strong performance in its consumer foods side, said group managing director John Moloney.
Unveiling interim results for the half-year ended June 29, he said: "Overall, we've been pretty happy with our performance against the tough markets."
In June, Glanbia closed its consumer meat business in the UK, and sold its foodservice business, allowing it to concentrate on its cheese and consumer ingredients operations. It has also been investing heavily in its UK mozzarella business.
He said in the US, Glanbia would be focusing on building up its nutritional ingredients business, and would be looking to acquire additional capability for those operations.
Profits before tax and exceptional items were up 8.9% to E35.63m, although exceptional items pushed it to a E39.98m loss. Group turnover was down 3.25% at E1,246.74m.

{{NEWS }}