Kerry Airport announce 425% profits increase

PRE-TAX profits at Kerry Airport increased by 425% in 2002 as cash reserves hit €2.3 million and the company is on target to make even bigger profits in the current year.

Pre-tax profits at Kerry Airport plc for the year ending October 2002 were €257,261, a €208,512 improvement on profits in 2001.

However, company chairman Denis Cregan told shareholders it is regrettable that the board does not intend to pay a dividend in the current year despite earnings per share of 51.81 cents.