Kerry Group profits down 12%, but dividend increases by 10%

A critical report this month by Ontake Research saw the company’s shares fall, but confirmation also came that the group was reviewing whether to sell its dairy business in Ireland and Britain

21st February, 2021
Kerry Group profits down 12%, but dividend increases by 10%
The Kerry Co-operative Society, made up mostly of dairy producers and owning a 12 per cent stake in the Kerry Group, has been weighing up a potential purchase of the dairy division

Earnings season for Irish corporates got under way last week as investors started to learn the cost of the Covid-19 pandemic on company profits.

For Kerry Group, the focus was not so much on the virus, but on the review of its €900 million a year dairy business and the unexpected attack on the company by short-sellers.

It was the latter which has unexpectedly overshadowed Kerry for the past couple of weeks. Earlier this month,...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Davy: a corporate titan brought to its knees

Companies Ian Guider 2 days ago

Niamh Brennan: Davy’s double-dealing sees its trust rating take a big hit

Spanish hedge fund spends £7m to boost stake in Tullow Oil

Flutter chief declares his firm is now number one in America

Companies Aaron Rogan 2 days ago