StockMarketWire.com - Consumer foods company Kerry Group raised its guidance after reporting a rise in profits as revenues grew nearly 11%

'We are updating our guidance and expect to achieve growth in adjusted earnings per share of 7% to 9% in constant currency,' the company said.

For the half year ended 30 June 2019, the adjusted earnings before tax rose to €331.1m from €291.3m a year earlier as revenues jumped 10.1% to €3.6bn, which volume growth of 3.3%, neutral pricing, a positive translation currency impact of 2.7% and contribution from business acquisitions of 4.7%.

'Good progress has been made on the integration of recent acquisitions, which are performing very well,' the company said.

The interim dividend of 23.5 cent per share represents an increase of 11.9% over the 2018 interim dividend.




At 9:29am: [LON:KYGA] Kerry Group PLC share price was +2.7p at 106.2p



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