Kerry sales up 4.6% as profits hit €224m

FOOD and ingredients group Kerry delivered results in line with expectations yesterday, recording pre-tax profits of €224 million.

Sales grew by 4.6% on a like-for-like basis, falling just short of €3.7 billion, but the former co-op's revenues from America and Britain suffered from a stronger euro.

Kerry chief executive Hugh Friel said the group was "extremely confident" about the outlook and that the group had achieved an "excellent operational and financial performance" in a year that saw significant currency shifts.