independent

Friday 18 April 2014

Kerry Group shares unchanged as sales rise

Shares in food giant Kerry Group were unchanged this morning after the company announced preliminary financial results for 2012.

 

Sales were up 10.3pc to €5.8bn, with trading profits increasing 10.8pc to €555m.

 

Kerry’s ingredients business, which sells mainly to industry was the main driver of growth, with its consumer focused Kerry Foods unit weaker thanks to dampened consumer demand.

 

The results pushed earnings per share up 11.3pc to 237.6 cents each.

Shares were unchanged in early trading at €41. 36 following the results.

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