Kerry Group posts 1% profit rise after a tough trading period

KERRY GROUP managed a meagre 1% rise in pre-tax profits in the first half of the year to the end of June over the same period last year.

However, the results were achieved in tough trading conditions and were in line with market expectations.

Pre-tax profit came in at €88 million, a 1% hike, half on half. Sales were up 8.5% to €1.96 billion while operating profits rose 10.2% to €147m.