Kerry shares on rise after strong results
FOOD group Kerry's share price jumped by more than 3pc after the foods and ingredients company posted first-half results ahead of expectations.
Overall revenue in the first half of 2011 reached €2.6bn, an 8.4pc rise on the same period last year.
Kerry Group chief executive Stan McCarthy, right, said the results displayed a "very strong margin performance" in light of the fact that raw material costs increased by 11pc.
Pre-tax profits increased to €175m in the first six months of the year compared to €162m in the same period in 2010, an 8pc increase.