StockMarketWire.com - Consumer foods company Kerry reported higher annual profit amid a rise in margins and revenue underpinned by its taste and nutrition business.

For the year ended 31 December 2019, pre-tax profit rose 4.5% to €646m on-year and revenue increased 9.6% to €7.2bn.

Trading margin increased 30 basis points to 12.5%.

Kerry's taste and nutrition business saw revenue increase 12.5% to €6.0bn, with volume growth of 4%.

'Taste & Nutrition delivered good volume growth, particularly against the backdrop of softer market volumes in some developed markets,' the company said.

The company declared a final dividend per share of 55.1 cent, taking the total dividend to 78.6 cents, 12% on last year.

At 8:57am: [LON:KYGA] Kerry Group PLC share price was +4.35p at 121.35p



Story provided by StockMarketWire.com