Diageo H1 Profit Up 36%; Hikes Interim Dividend
Earnings per share before exceptional items were 67.8 pence, compared to 62.0 pence a year ago. Net sales for the half year increased 2 percent to 6.53 billion pounds from 6.42 billion pounds last year. On an organic basis, net sales increased 4 percent.
Volume declined 2 percent on a reported basis, but increased 2 percent organically. Further, the company announced that its interim dividend was increased by 5 percent to 24.9 pence per share.
Looking ahead, Diageo said it is confident in its ability to deliver consistent mid-single digit top line growth and 175 basis points of organic operating margin improvement in the three years ending 30 June 2019.(dpa)
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