Mozzarella is so sweet for Glanbia
Thursday 17 November 2011
The cheese maker Glanbia said revenues rose 28 per cent in the 10 months to 31 October despite a recent slowdown in global demand for dairy products.
The Irish-based group, Europe's biggest supplier of mozzarella cheese for pizzas, expects a 20 per cent rise in full-year earnings.
Its chief executive, John Moloney, said: "There are some headwinds and global macroeconomic uncertainty to contend with, but we are confident of a strong full-year outcome." Ireland's food sector has outperformed the broader stock market in recent months.
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