27 May 1999
Dairy Crest advances 14% for the year

DAIRY CREST has reported a 14% increase in pre-tax profits to £46.1 million for the year to 31 March.

It is the third consecutive year when the group has reported a double-digit increase in profits.

The company blamed lower milk prices for a 1.7% dip in turnover to £773.8m.

Dairy Crest said it planned to make acquisitions and wanted to build on value-added products such as cheese and yoghurt.