€5.85bn revenues last year at food giant

Kerry Group’s pre-tax profits of €121.9m last year were down from €315m in 2012, but the markets yesterday reacted positively to the bigger picture of stable revenues of €5.85bn, against €5.84bn in 2012.

The pre-tax profits were hit by costs related to the selling off some food subsidiaries and a number of strategic investments.

After-tax profits rose 10.3% to €453m, and earnings per share were at 257.6c against 233.7c the previous year.