Food group Kerry has reported trading profits of €321.6m for the first half of 2016, an increase of 7.4 per cent on the same period last year. Revenue was flat at just over €3 billion, but margins improved from 9.9 per cent to 10.6 per cent. Pre-tax profits fell, however, from €272.3m to €256.1m, mainly due to restructuring costs.
McCarthy described the first-half performance as "solid" as it came "despite a challenging market landscape". The company...
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