IAWS boosted by global food demand boom reports revenue rise of 34.7% in the nine months to April 26th 2008; Origin Enterprises’ revenue jumped by 52%
May 28th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
IAWS Group today issued its first third quarter Interim Management Statement. It terms itself "international Lifestyle Food and Agri company" and said that it is confident that it can achieve the markets adjusted earnings expectation for its financial year ended 31st July 2008. Origin Enterprises plc, which consists of the IAWS' original Agri-Nutrition and ambient food businesses, was successfully listed in June 2007, raising €100m of development capital. IAWS remains the majority shareholder of Origin and therefore consolidates its results. IAWS said that for the nine month period ended 26th April 2008, group revenues increased by 34.7% to €1.9 bn over the period. Group underlying revenue growth, which excludes the impact of acquisitions and foreign exchange movements, was 19.2%.