7th Nov 2013 07:44
LONDON (Alliance News) - Dairy Crest Group PLC (DCG.L), a dairy foods company, reported Thursday that its first-half pre-tax profit from continuing operations was 19.7 million pounds, compared to a loss of 13.1 million pounds last year. Adjusted pre-tax profit, which excluded certain items, were 21.9 million pounds, compared to profit of 18.6 million pounds last year.
After-tax profit was 17.9 million pounds in this quarter. Including prior year's discontinued operations, the company's after-tax profit was 45.2 million pounds last year.
Revenues for the first half declined 2% to 672.2 million pounds from 688.2 million pounds in the prior year.
Further, the company announced an interim dividend of 5.9 pence per share, a growth of 3.5% from last year.
Chief Executive Mark Allen said, "Despite the challenging environment we have continued to grow our key brands through innovation and reduce our cost base... We remain confident that full year performance will be in line with our expectations."
Copyright RTT News/dpa-AFX
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