Kerry Group sees sales surge

Kerry Group yesterday reported pre-tax profits of €392.8m (£332.2m) for the year to 31 December. Sales at the food company rose by 9.7 per cent to €5bn over the 12 months while the firm also announced a trading profit increase of 11.3 per cent to €470m. Sales revenues for the group’s ingredients and flavours division rose by 12.7 per cent to €3.67m. The consumer foods division recorded sales revenue of €1.76m, up 3.2 per cent on the preceding year.