04 March 1998
Kerry reports 25% profits uplift
IRISH foods group Kerry reported a 25% increase in pre-tax profits last year to I&163;78.6m (£62.7m) on turnover of I£1.3bn up from I£1.2bn.
Operating profits in the local diary products division fell sharply from
I£1.8m to I£612,000.
Analysts forecast possible pre-tax profits of I£85.4m this year.
The companys ingredients business accounted for 73% of operating profit and 58% of turnover.
- Financial Times 04/03/98 page 23