LONDON, November 10, 2011 /PRNewswire/ --
Speaking to financial broadcaster http://www.cantos.com, Dairy Crest CEO Mark Allen says that the company has put in a "good" interim performance given the challenging economic environment with turnover, EPS and sales in key brands all growing.
The results were driven by a continued focus on efficiency within the business and a number of property disposals.
In the interview he explains the reasons behind the drop in profits in the Dairies division and the measures being taken to rectify matters. He also assesses performance across the company's key brands and outlines the new products that have been launched.
Defending the level of dividend payment in relation to rising earnings per share, he says:
"We recognise dividend as an important part of our investment proposition. We've been pretty clear about that over the four years. We do have a progressive dividend policy. And I think 4% is good in this climate."
The interview and transcript are available now on http://www.cantos.com/company/Dairy%20Crest.
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SOURCE Dairy Crest PLC