Kerry Group maintains guidance despite tough first half

Kerry Group has reiterated its full-year earnings guidance despite seeing a 6.5% annualised fall in first-half profits and only marginal revenue growth.

The Tralee, Co Kerry- headquartered international food and ingredients group yesterday reported an after-tax profit of €222.4m for the first six months of 2016; down from nearly €238m in the same period last year, as it battled with a continually challenging market landscape.

First-half group revenue crept up by 0.3% to just over €3.03bn.