Kerry Group 1st Half Pretax Profit, Revenue Rose
July 30 2021 - 3:24AM
Dow Jones News
By Joe Hoppe
Kerry Group PLC said Friday that its first-half pretax profit
rose on higher revenue.
The Ireland-based food company made a pretax profit of 262.9
million euros ($312.5 million) for the six months compared with
EUR244.9 million in the year-earlier period.
Revenue was EUR3.58 billion, up from EUR3.41 billion the prior
year. This was driven by improving conditions in its developed
markets, with increased economic activity, reopening levels and
consumer confidence, though developing markets saw a lot more
variability.
"Our performance through the period gives us continued
confidence in our full-year outlook, while recognizing the inherent
uncertainty that will remain in many regions through the remainder
of the year," Chief Executive Edmond Scanlon said.
The board declared an interim dividend of 28.5 European cents
compared with 25.9 European cents a year earlier.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
July 30, 2021 03:13 ET (07:13 GMT)
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