September 17, 2018 / 6:25 AM / a month ago

UK's Dairy Crest expects rise in first-half profit, sales

Sept 17 (Reuters) - Dairy Crest Group expects a rise in half-year profit and revenue, helped by increased sales of cheese, butter and spreads from its Cathedral City and Clover brands, Britain’s largest dairy food company said on Monday.

The company also affirmed its forecast for the year, and said its net debt at the end of September would be significantly lower than last year.

The milk processor had reported an adjusted profit before tax of 20.6 million pounds ($26.96 million) and revenue of 220.1 million pounds for the first half of 2017. ($1 = 0.7641 pounds) (Reporting by Shashwat Awasthi in Bengaluru; Editing by Amrutha Gayathri)

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