Good profit results help ISEQ rise

THE ISEQ index gained 35.53 points to 2,703.86 yesterday on a busy day for corporate results. Kerry Group, IFG and Irish Life and Permanent all reported half yearly earnings.

In the financial sector, Irish Life and Permanent’s results came in better than most analysts had predicted. The shares closed up 6c at €1.45.

Elsewhere, Bank of Ireland added 3c to 77c, while AIB was unchanged at 77c.

In the construction sector, CRH jumped 17.5c to €12.27. Kingspan progressed 13.9c to €5.45, while Grafton Group tacked on 14.3c to €2.69.

In other news, food group Kerry has reported a pre-tax profit of €162.3m for the first six months of this year, up from €115.4m in the same period last year. It has also raised its forecast for the full year. The shares soared €1.31 to €25.91.


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