From Nasdaq: 2025-02-26 05:24:25

Irish nutritional company Glanbia Plc reported a decrease in profit for fiscal 2024, with pre-tax profit dropping to $208.0 million from $392.4 million the previous year. Adjusted profit before tax was $369.4 million. Total revenues also declined to $3.84 billion from $5.46 billion in fiscal 2023. The company’s Board recommended a final dividend of 23.33 euro cent per share, with a total dividend for the year of 38.97 euro cent per share. Glanbia Plc announced a further 100 million euros share buyback authority for 2025. Looking ahead, the company expects adjusted earnings per share between 124 $ cents and 130 $ cents for fiscal 2025. The stock is currently trading down 15 percent on the LSE.



Read more at Nasdaq: Glanbia FY24 Profit Falls, Sees Weak FY25 Earnings; Lifts Dividend, Plans Buyback; Stock Down