Ingredients and flavours drive double-digit development for Kerry
summary：Irish food and ingredients giant Kerry Group has reported a 10.8% increase in operating profit for the year of 2012 on the back of strong growth driven by its ingredients and flavours arm....
The growth, which also sees total revenue up by 10.3% to €5.8 billion, is in line with the firm’s expectations, Kerry said.The Irish ingredients company revealed a jump in operating profit to €54.7m, while adjusted earnings per share (EPS) grew 11.3% to 237.6 cent.
Such growth has come on the back of successful growth in the firm’s ingredients and flavours business which witnessed a 14% increase in business – translating to a 15.1% jump in operating profit for the business unit (up to €506 million)
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