Inactive Instrument

Dairy Crest Group plc

GB0002502812

Dairy Crest : full-year profit jumps 31 percent on property sale

May 22, 2014 at 02:32 am EDT

MarketScreener.com By The editorial team

(Reuters) - Dairy Crest Group Plc, Britain's largest dairy company, reported a 31 percent rise in full-year pre-tax profit, helped by the sale of a property in London.

The company, whose brands include Country Life, Clover and flavoured milk drink Frijj, said its adjusted pre-tax profit rose to 65.3 million pounds in the year ended March 31 from 49.7 million pounds a year earlier.

Revenue rose 1 percent to 1.39 billion pounds.

(Reporting by Aastha Agnihotri in Bangalore; Editing by Ted Kerr)

Latest news about Dairy Crest Group plc

FTSE : Miners lift FTSE 100; Dairy Crest, Provident gain on M&A	19-02-22	RE
Margins in focus as results drive big swings in European stocks	19-02-22	RE
Dairy Crest : expects rise in first-half profit, revenue	18-09-17	RE
Dairy Crest : Britain's Dairy Crest profit up, to expand cheese production	18-05-23	RE
Dairy Crest : sales driven by growth across top brands	18-01-31	RE
Dairy Crest : UK's Dairy Crest expects higher half-year profit	17-09-18	RE
Dairy Crest : set for windfall from pension deal	17-09-08	RE
Dairy Crest : reports full-year revenue down 1 percent, adjusted profit up	17-05-18	RE
Dairy Crest : British food industry needs access to labour post-Brexit, bosses say	16-12-01	RE
Dairy Crest : says higher input costs expected to hit butter business	16-11-10	RE
Dairy Crest : sees first-half profit ahead of last year	16-09-19	RE
Dairy Crest : Brexit fallout adds to pressure on UK corporate pension deficits	16-06-30	RE
Dairy Crest : milk business sale referred back to CMA	15-03-23	RE
Dairy Crest : says cheese and spreads businesses performing well	15-02-05	RE
Dairy Crest : loses a third of Morrisons milk contract	15-01-20	RE
Dairy Crest : to sell dairies assets as first-half profit slumps	14-11-06	RE
Dairy Crest : to shut Hanworth, Chard units, cut 260 jobs	14-09-22	RE
Dairy Crest : NZ's Fonterra to procure whey from UK's Dairy Crest - source	14-07-02	RE
Dairy Crest : Pricing competition to hit Dairy Crest residential milk sales	14-05-22	RE
Dairy Crest : Higher milk costs to hit Dairy Crest's profits	14-05-22	RE
Dairy Crest : full-year profit jumps 31 percent on property sale	14-05-22	RE
Premier Foods Plc : Premier Foods to keep Hovis, eyes overseas partners	13-10-01	RE

Chart Dairy Crest Group plc

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Company Profile

Dairy Crest Group plc is a United Kingdom-based dairy company. The Company processes and markets branded dairy products. The Company's segments include Cheese & Functional Ingredients and Butters, Spreads & Oils. It produces and markets Cathedral City, a cheese brand, and the Davidstow cheddar brand. The Company manufactures butters, spreads & oils under the Clover, Country Life, Utterly Butterly, Vitalite and Willow brands. It also produces Frylight, a one-calorie cooking spray, at its facility in Erith, Kent. Under butters, spreads & oils, the Company offers packet butter and spreadable, and dairy spreads. Its functional ingredients business supplies demineralized whey and Galacto-oligosaccharide (GOS) to the infant formula market. The Company's subsidiaries include Dairy Crest UK Limited, Dairy Crest France Holdings 1 Limited, Dairy Crest (Jersey) Limited, Magnuss & Usher Limited and Dairy Crest (Services) Limited.

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Food Processing

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