Revenue up 1% at Kerry Group after restructure
Kerry Group has announced a revenue rise of 1.1% according to an interim report.
The company's dividend per share has also increased by an impressive 11.1% to 12 cent for the first six months of the year.
Group trading margin has risen to 9% – a jump of 70 basis points. Consumer foods have also experienced a hike of 30 basis points to 7.7%.
The firm's CEO Stan McCarthy describes the growth success as "a function of many things. It is a function of the strategy where we have put a lot more emphasis in providing technological solutions for our customers over the last number of years," he said.
"We have been going through a transformation and have been streamlining our business for a number of years. That's begun to kick in now and improve the margins of our business."
Headquartered in Tralee in the Republic, Kerry Group employs over 24,000 staff throughout its manufacturing, sales, technology and application centres.
It has established sites across Europe, the Americas and Asia.