LONDON (Alliance News) - Dairy Crest Group PLC on Tuesday said trading in the first quarter of its financial year was in line with its expectations.
The dairy products maker said combined sales volumes of the four key brands of Cathedral City, Clover, Country Life and Frylight in the three months ended June 30 were in line with the first quarter of the prior year. Its outlook for the full year therefore remains unchanged.
"The year has started off as we expected. Our branded business continues to perform well. In cheese, we have successfully re-launched Cathedral City, the nation's favourite cheese, with new packaging and branding. This has been supported with a wide-reaching media and promotional campaign," Chief Executive Mark Allen said in a statement.
"Our butters, spreads and oils business is progressing well. Clover and Country Life have both built on the momentum from the second half of last year. Frylight sales are also growing strongly," he added.
Dairy Crest is holding its annual general meeting on Tuesday afternoon.
The company expects to provide a trading update for the six months ending September 30 on September 19 and its first-half results on November 10.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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