Kerry Group makes hay despite currency issues | Ireland

Profits at Kerry Group climbed by 5.2 per cent to €338 million on the back of stronger revenues in the first half of the year, despite adverse currency movements.

The Tralee-headquartered food group grew its revenues by 4.8 per cent to €3.2 billion, reflecting a 3.8 per cent increase in business volumes.

The company recorded growth in both its taste and nutrition and consumer foods divisions which grew by 4.2 per cent and 2.3 per cent, respectively.

Commenting on the results, Stan McCarthy, the group’s departing chief executive, said that Kerry had performed well during the period despite “significant adverse currency movements”.

“We achieved a strong overall business performance in the first half of 2017, outperforming market growth rates and delivering a 7.5 per cent…

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