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Irish food heavyweight the Kerry Group has posted an 8%
rise in half-year profits in its latest financial
results.
The group posted pre-tax profits of ?175m (?139.5m) for
the last six months, a like-for-like increase of around
8% on the equivalent period last year, against sales of
just under ?2.4bn (?1.91bn).
The group said the latest revenue figure represents a
like-for-like improvement of around 7% on 2007?s
performance.
?Kerry made good progress in the first half of 2008,
delivering 7.3% like-for-like revenue growth, while
maintaining trading margins despite significant currency
and input cost pressures,? said chief executive Stan
McCarthy.
?Building on the group?s performance in the half-year
and the underlying prospects for our business in all
regions, we expect a good out-turn for 2008.?
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