By Joe Hoppe
Kerry Group PLC said Wednesday that its 2021 pretax profit and revenue rose, and that it expects to achieve further growth in 2022.
The Ireland-based food company posted a pretax profit of 816.3 million euros ($927.3 million) for 2021 compared with EUR635.3 million for the same period a year earlier.
Revenue rose to EUR7.35 billion from EUR6.95 billion, it said.
The board declared a final dividend of 66.7 European cents, bringing the total dividend for the year to 95.2 European cents, an increase of 10% on 2020.
"While recognizing that current market environment and inflationary pressures continue to present challenges across our industry, Kerry is stronger positioned and more resilient than ever as we enter a new strategic cycle," Chief Executive Edmond Scanlon said.
The company said it expects to achieve adjusted earnings per share growth in 2022 of 5% to 9% on a constant currency basis.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
02-16-22 0248ET