Kerry earnings set to grow by 10%

GLOBAL food giant Kerry Group Plc expects earnings per share to grow by 10% this year, chief executive Stan McCarthy yesterday told the group’s annual general meeting in Tralee.

He said it was confident of delivering earnings growth, in 2010, to a range of 182 to 185 cents per share. For 2009, the group reported earnings per share of 166.5 cent, up 8.2% from the previous year

There had been strong organic growth in the first quarter of this year, with a 5.9% sales rise, an upbeat Mr McCarthy said.