IRELAND: Sales growth boosts Kerry H1
Kerry Group, the Irish ingredients, flavours, and consumer foods group, has posted a rise in first-half profits on the back of growing sales across the business.
Kerry booked a 6.2% rise in trading profit to EUR172m (US$235.2m) with organic sales rising 5.6%. Revenues reached EUR2.3bn.
"During the first half of 2007, Kerry delivered solid organic growth across all group businesses and territories," said CEO Hugh Friel.
"Group food ingredients and consumer foods businesses generated 5.6% organic revenue growth and 20 basis points margin improvement. We have successfully managed continued input cost inflation through cost recovery and business efficiency programmes and expect a good outturn for the full year."
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