Kerry Group Reports Mixed Results

Ireland's largest food producer, Kerry Group, has reported that its net profits in 2008 fell by 28% to EUR177mn. The firm's earnings were hit by the depreciation of sterling against the euro and by restructuring charges. Kerry's euro-denominated revenues were largely unchanged from 2007. However, on a like-for-like basis, taking into account currency effects, acquisitions and disposals, the firm's sales were up by

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