date:Nov 12, 2012
Dairy Crest has announced revenues down 7% to 688m for its half year ended September. Profit and earnings per share were up 65%, but adjusted profit before tax was down 16%.
According to the company, the sale of St. Hubert which generated a post-yax profit of 47.7m transformed its balance sheet and left it well placed to make targeted, value-enhancing acquisitions in the UK.
Dairy Crest noted that sales of UK Spreads and Cheese sales were jointly up 3%, and that its four key brands together