Kerry group lifts profits by 20%

01 September 1998

Kerry group lifts profits by 20%

KERRY GROUP has increased its interim pre-tax profits nearly 20% to IR£38.1 million (£32.2m) on turnover 24% higher at IR£778m.

The Irish food group spent IR£343m on acquisitions in the first half of 1998 – the majority of which was accounted for by the purchase of Dalgetys food arm in January.

Sales from Ireland were largely flat but and sales and operating profits across its European and US markets showed strong growth.

• Financial Times 01/09/98 page 24