Pre-tax profits pop at Kellogg’s main Irish unit via IrishTimesBiz
The directors add that “inflationary pressures continue to affect global input costs”.They state that “to counter these, the company is continually seeking to improve in its manufacturing processes and organisation”.
The firm recorded an 8 per cent rise in operating profits to €207.33 million but interest costs reduced pretax earnings to €82.22 million.On the future outlook for the business, the directors state that 2022 is expected to remain consistent with the outcome of the current financial period.The figures show that the bulk of the group’s sales at 60 per cent at €1.14 billion last year were recorded in Europe with €677.45 million in the UK and €87.5 million in the rest of the world.
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