£40.9m profit slump for Dalgety?
DALGETY is expected to unveil full-year pre-tax profits down from £101.9 million to £61m. The group has been hit by production difficulties, loss of share in a declining animal-feed market and a high pricing policy.
The company is expected to detail the disposal of its food ingredients business for up to £200m. It is also expected to announce a £280m management buy-out of its Pig Improvement Company.
- The Times 15/09/97 page 43
- The Daily Telegraph 15/09/97 page 25, page 26 (The City Checklist)