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Kerry Group 'A' Shares (KYGA)

Share Price:
Up  104.60
Change Today:
 1.60
Market Cap:
 18,461m

Kerry confident about FY

17 Aug 11

LONDON (ShareCast) - Irish food company Kerry said it remains confident of achieving full year targets, despite rising costs, as it delivered a 9.1% increase in first half pre-tax profit.

Adjusted pre-tax profit rose to 183.5m for the half year ended 30 June 2011 from 168m before. Like for like trading profit increased by 6.1% to 214m. Revenue for the six month period increased 9.6% to 1.97bn.

"Kerry delivered strong volume growth and a solid earnings performance in the first half of 2011 despite significant raw material and input cost inflation," said chief executive Stan McCarthy.

Raw material increased by 11% costs during the half year period from the same time a year earlier.

Ingredients & Flavours volumes increased 4.1% and Consumer Foods saw 2% business volume growth.

"The group remains confident of achieving its growth targets for the full year and delivering 8-12% growth in adjusted earnings per share as guided at the beginning of the year," it said in a company statement.

An interim dividend of 9.8 cent per share has been offered, up 11.4% from the same period last year.

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Market Data

Currency Euro
Price  104.60
Change Today  1.60
52 Week High  109.60
52 Week Low  85.60
Volume 75,516
Shares Issued 176.49m
Market Cap  18,461m

Dividends

  Latest Previous
  Interim Final
Ex-Div 17-Oct-19 11-Apr-19
Paid 15-Nov-19 10-May-19
Amount 23.50¢ 49.20¢