Difficult market hits Kerry

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.