02 September 1997
Difficult market hits Kerry

KERRY Groups agribusiness encountered difficult market conditions in the first half of this year, the company disclosed. The Irish companys profits slipped 30% to I£613,000 (£565,500) on turnover down 8% to I£27.7 million.

Overall group pre-tax profits rose 24% to I£31.9m on sales up 6% to I£625.2m.

Kerry is actively seeking acquisitions, especially in the emerging markets.

  • Financial Times 02/09/97 page 19