For the half-year ended June 30 turnover rose to 1.8bn euros while pre-tax profit dropped to 57.3m euros from 78m euros for the same period last year. Like-for-like sales increased by 5%.
In the UK, Wall’s and Richmond brands “again grew market share”, the group said. Good progress was also said to have been made through prepared meals and microwaveable convenience offerings.
The group said Kerry Foods Direct to Store had an “excellent first half” - having further extended its market position through the acquisition of the Pork Farms Bowyers Van sales operation.
Total European operations excluding Ireland increased sales by 10.5% to 628.3m euros while sales originating from Irish based operations almost doubled to 627.1m euros primarily boosted by the acquisition of Golden Vale which was concluded at the end of September 2001.