LONDON, May 19, 2016 /PRNewswire/ --
In a video interview, Dairy Crest CEO Mark Allen updates on the performance of the business at the full year, the first set of results since the sale of the dairies business.
Despite a challenging market backdrop, a stronger second half saw profits more than double against those reported at the interims.
He comments on the opportunity presented by the recently completed demineralised whey production facility and the progress of the four key brands, which include Cathedral City: "It's been a star in our business for many, many years. But I think people sometimes forget, it's still only 11% of the total cheese market and just over 20% of cheddar. We believe, on that basis, there's still a lot of promise for the brand and a lot of opportunities."
Tom Atherton, Finance Director, updates on the key figures, net debt and shareholder returns.
Video interview available at http://video.merchantcantos.com/.
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SOURCE Dairy Crest PLC