UK dairy group Dairy Crest said this morning (20 July) that sales of its five “key” brands – including Country Life butter – were up 3% during the first quarter of its fiscal year.
The company said the increase in sales during the three months to the end of June “builds on the excellent growth that these brands have achieved over the last three years”.
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Elsewhere, Dairy Crest said its moves to reduce costs were “going to plan”, with the company insisting it had “identified further efficiency savings” in its spreads business in the UK.
The company added that it expects to “deliver a meaningful reduction in our year-end debt”.
Chief executive Mark Allen added: “At the start of the year we set out our objective to increase profits, generate cash and further reduce our borrowings and our performance in the first quarter is in line with our expectations.”
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