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| Name | Symbol | Market | Type |
|---|---|---|---|
| Kerry Group Plc (PK) | USOTC:KRYAY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 97.50 | 95.80 | 96.13 | 1 | 13:53:16 |
From Dec 2019 to Dec 2024
By Sabela Ojea
Kerry Group PLC reported Tuesday a fall in pretax profit for 2020 and said that it expects flat to positive volume growth in the first quarter of 2021, with an overall outlook based on a strong recovery and good growth in the full year.
The Ireland-based food company posted pretax profit of 635.3 million euros ($770.6 million) for 2020 compared with EUR645.9 million for the same period a year earlier.
Revenue fell to EUR6.95 billion from EUR7.24 billion, it added.
The board declared a final dividend of 60.6 European cents, bringing the total dividend for the year to 86.5 European cents, an increase of 10% on 2019.
"Looking to the year ahead, within Taste & Nutrition, we see strong growth prospects in the retail channel, with continued recovery in food service, underpinned by a very good innovation pipeline and strong customer engagement," the company said, noting that the shorter-term impact from Covid-19 will continue through the first quarter of 2021.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
February 16, 2021 02:36 ET (07:36 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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