Global nutrition group Glanbia has reported an 11.5% increase in total group revenue for the six months to June to €2.05 billion, when compared with the same period last year.

When currency moves are factored in, revenue was 9.9% higher.

Glanbia generates much of its revenue in the US and the weakened dollar accounts for much of that move.

This was Glanbia Plc's first set of results since it disposed of 60% of its holding in its Dairy Ireland business to Glanbia Co-op on 2 July.

Total group profit came in at €114.9m - an increase of 4.6% on the half year in 2016.

Group Managing Director Siobhán Talbot described the H1 results as a "good performance".

She added: "Glanbia Nutritionals and Joint Ventures were the main drivers of growth in the first half and we believe second half earnings progression will also be driven by Glanbia Performance Nutrition where good organic growth is expected for the remainder of the year.

"Overall, we reiterate guidance for the full year of pro-forma Adjusted Earnings Per Share growth of 7% to 10% on a constant currency basis."

Glanbia shares are marginally higher in Dublin trade today.