Kerry Group suffers fall in 2006 figures

FOLLOWING a profit warning in May last year Kerry Group has announced a sharp dip in earnings for 2006.

Figures from the ingredients, flavourings and consumer food group, show a fall of 25% in pre tax profits from €297.9m to 221.2m.

Profits at the operating and after tax level were also well down, as the group suffered a 73m write off from the sale or closure of five subsidiaries during the second half of the year.