Irish public food company Kerry Group Plc. (KYGA.L) on Tuesday posted lower pre-tax profit for full year 2024, compared to the prior year. The company also proposed a final dividend for the year.
For the full year, the company's pre-tax profit declined to 778.4 million euros from 790.4 million euros a year ago.
Profit after taxation rose to 734.4 million euros or 423.8 cents earnings per A ordinary share, from 728.1 million euros or 409.7 cents earnings per A ordinary share last year.
Group revenue for the year declined to 7.981 billion euros from 8.020 billion euros a year ago.
Group EBITDA increased by 7.4 percent to 1.251 billion euros from 1.165 billion euros a year ago.
Kerry Group said that the Board is proposing a final dividend of 89.0 cent per share. Along with the interim dividend of 38.1 cent per share, this raises the total dividend for the year to 127.1 cent, up 10.1 percent from last year.
Looking ahead to fiscal 2025, the company expects constant currency adjusted earnings per share growth of 7-11 percent, net of dilution from the Kerry Dairy Ireland disposal.
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