Shares benefit as profits rise to €298m and sales reach €4.9bn

KERRY’S results for last year showed profits rose by 35% to €298 million, while sales pressed ahead by 6.7% to €4.8 billion for the year.

The markets responded well and shares rose 1.5% to €20.65 which is up marginally from €20.46, the price the shares traded at this day last year.

Earnings per share rose 7.4% to 143.8 cent, with new chief executive Stan McCarthy predicting EPS could rise to 155 cent in the current year.