Kerry First-half Profits Rise
Group sales revenue increased to €2.6 billion, reflecting like-for-like (LFL) growth of 8.4%.
Basic earnings per share increased by 8.7%. Kerry Group boss Stan McCarthy said, "Kerry delivered a solid earnings performance and strong volume growth in the first half of 2011, despite significant raw material and input cost inflation.
"The group remains confident of achieving its growth targets for the full year and delivering 8-12% growth in adjusted earnings per share as guided at the beginning of the year."
From the August 17, 2011, Prepared Foods' Daily News.