Glanbia's total group profits rose by almost 91% in the first half of the year as the dairy and nutrition group bounced back from a pandemic slump.
Revenue's from its wholly-owned operations rose above €2 billion in the six months, up 11.2% on the same period of 2020, or 20.3% on a constant currency basis.
That came on the back of particularly strong growth at its Performance Nutrition division, though its Nutritional Solutions business also expanded sales.
Glanbia said its earnings before interest, tax and amortisation in the period was almost €160m, up 108%.
Total group profits, before exceptional items, hit €133.5m.
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This morning Glanbia also announced that it had acquired a 60% share in German-based LevlUp - which sells nutritional supplements targeted at gamers.
"The dedication of our people, supply chain partners and customers as we navigated the pandemic together, has positioned Glanbia well on its growth agenda," said Siobhán Talbot, Group Managing Director.
The company also announced the launch of a new share buyback programme of up to €50 million, as Ms Talbot outlined.
"In the first half, we generated over €160 million of operating cash flow and reduced our net debt by over €100 million.
"As a result of this strong performance we plan to increase returns to shareholders by raising our interim dividend by 10% as well as launching a share buyback programme today of up to €50 million," she said.
