Kerry reports 25% profits uplift

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

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