May 22, 2014

Dairy Crest reports 31% increase in full-year pre-tax profit



The largest dairy company in the UK, Dairy Crest Group Plc, has reported a 31% rise in full-year pre-tax profit.

The company's sale of a property in London has contributed to the increase.

Dairy Crest, whose brands include Country Life, Clover and flavoured milk drink, Frijj, said that its adjusted pre-tax profit rose to US$110.3 million in the year ending March 31 from US$84 million a year earlier.

The company's revenue rose 1% to US$2.35 billion.