Global nutrition and ingredients group Glanbia has reported total group revenue of €1.9 billion for the first half of the year.
That is down over 8% on last year on a constant currency basis, due to lower milk prices, however the figure is up 4.4% when the recent strength of the US dollar is taken in to account.
Adjusted earnings per share came in at 40.6 cent.
The group has reiterated full year guidance in earnings per share growth of 9-11% on a constant currency basis - or 25% when the impact of the dollar is included.
The group generates a large amount of its revenue in the US, especially in its Global Performance Nutrition Division, which performed particularly well in the first half with earnings of €60.7m.
Global Ingredients reported earnings of €60.3m - down 9.5% on the previous year due mainly to milk prices, which are on the decline - but it too benefited from the strong US dollar.
Dairy Ireland, meanwhile, also put in a good performance.