IAWS Group happy with trading to date

Food and agricultural products company IAWS Group said today it was satisfied with the company's performance in the five months…

Food and agricultural products company IAWS Group said today it was satisfied with the company's performance in the five months to the end of December.

The company, whose business year runs to the end of July, later said in a statement: "It is too early to make predictions about the current year, particularly as over 60 per cent of our operating profit comes in the second half of the year."

Shares in the company, which owns pastry brand Delice de France and La Brea par-baked breads in the United States, were 0.7 per cent weaker at €13.41 in Dublin by this afternoon and broadly in line with a 0.4 per cent weaker Irish market.

The stock was up 0.5 per cent at €13.46 in London.

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IAWS, which last September posted a 13.4 per cent rise in full-year earnings on the back of a 10.3 per cent increase in turnover, said then that it was well placed to achieve further growth in the year ahead.