Profit revenue

Kerry Group H1 pre-tax profit, revenue up; Supports the 2022 orientations

By Joe Hoppe

 

Kerry Group PLC said on Friday its first-half pretax profit rose on higher revenue and supported its full-year guidance.

The Ireland-based food company posted a pre-tax profit of 265.1 million euros ($270.3 million) for the six months to June 30, compared to 262.9 million euros for the same period last year. last year.

Turnover amounted to 4.06 billion euros, against 3.58 billion euros the previous year. This was due to higher volumes and prices, favorable exchange rates and a 4.7% contribution from acquisitions, he said.

Adjusted earnings per share for the period increased 9% at constant exchange rates to 176.4 euro cents. The company backed its full-year forecast for adjusted profit growth of 5% to 9% at constant exchange rates.

“While acknowledging that the market is facing a period of heightened uncertainty and volatility, this also presents significant opportunities. We remain confident in our outlook and reaffirm our full-year earnings guidance,” the director said. General Edmond Scanlon.

The board of directors declared an interim dividend of 31.4 euro cents against 28.5 euro cents a year earlier.

 

Write to Joe Hoppe at [email protected]

 

(END) Dow Jones Newswire

July 29, 2022 02:56 ET (06:56 GMT)

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