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Dairy Crest - Interim Results Reflect Difficult Trading Environment

LONDON, November 8, 2012 /PRNewswire/ --

In a video interview today, Dairy Crest CEO Mark Allen acknowledged that the reduction of profits in the Dairy division were responsible for lower underlying normalised profit numbers.

After a busy first half, Allen says the business is now on target to reach a 3% return on sales.

Finance Director, Alastair Murray added: "This year we will have taken about £23m out of the business to get a more efficient supply chain and we're going to continue to have targets like that in future years."

The interview and transcript are available now on http://www.cantos.com/company/DairyCrest.

MerchantCantos produces in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email prnsupport@merchantcantos.com or phone +44-207-936-1352.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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