International dairy group Glanbia has reported a “good” first-half performance with all of its divisions performing in line with expectations.

In a trading update for the six months to 28 June, Glanbia said its consumer foods division had benefited from margin recovery following raw material cost increases, although a time lag between market price and milk price movements would result in weaker margins for its Irish food ingredients division.

“A good first-half performance and a relatively positive market environment supports the outlook for the remainder of the year for Glanbia,” said group MD John Moloney. “As a group we are on target to meet current full-year expectations and look forward to delivering another year of double-digit growth in 2008.”