LONDON, May 19, 2011 /PRNewswire-FirstCall/ -- UK dairy food group Dairy Crest today announced full-year profits were up 5% while net debt had been reduced by GBP25m.
Speaking to financial broadcaster www.cantos.com, CEO Mark Allen says he is pleased with the performance of all the key brands including Clover, Country Life and St Hubert Omega 3.
"They're the brands that we invest in, in terms of innovation, marketing spend, TV advertising etc. They've grown 7% this year... Most of those brands have outperformed the market and we're delighted with that."
Mr Allen goes on to say the milk&more doorstep delivery service is now generating sales of over a million pounds per week, and he also highlights a new contract with Tesco after a six year wait to provide milk to the UK's largest retailer. He re-iterates the company-wide focus on innovation and cost-cutting, revealing GBP20m of savings have been made during the year.
Alastair Murray, Finance Director, explains the story behind the numbers in each of the key divisions and talks about the rise in dividend.
The interviews and transcript are available now on http://www.cantos.com/company/Dairy%20Crest.
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SOURCE Dairy Crest PLC