- Irish foods supplier Kerry Group posted a modest rise in annual profit as it grew sales volumes while maintaining margins.

Pre-tax profit for the year through December rose 0.8% to €617.9m, as revenue rose 3.1% to €6.6bn.

The company declared a final dividend of 49.2c per share, bringing total 2018 dividends to 70.2c, up 12% on-year.

Sales volumes grew 3.5% while trading margins were maintained at 12.2%, despite currency headwinds.

'We are pleased with our performance in 2018, with volume growth well ahead of our markets, underlying margin expansion in line with expectations and adjusted earnings per share growth of 8.6% in constant currency,' chief executive Edmond Scanlon said.

'In 2019 we expect to deliver adjusted earnings per share growth of 6% to 10% on a constant currency basis.'

At 2:49pm: [LON:KYGA] Kerry Group PLC share price was -0.47p at 90.53p

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