Kerry Group ups earnings guidance after good first half

Kerry Group has upped its full-year earnings per share guidance on the back of a strong first-half showing, which saw profits rise by nearly 14% on a year-on- year basis.

Yesterday, the Tralee, Co Kerry-based food group, reported sales revenues of €2.9bn for the first six months of this year. That figure was up by 10% on the same period last year.

Adjusted pre-tax profits, for the period, amounted to €209m; up by 13.7% on 2011’s first half.