Diageo 1st Half 2020 Net Profit Fell; Sees Fiscal Year Organic Net Sales at Bottom End of Range
30 Januar 2020 - 9:04AM
Dow Jones News
By Ian Walker
Diageo PLC (DGE.LN) on Thursday reported a 5.6% fall in net
profit for the first half of fiscal 2020, and said it expects
full-year organic net sales growth to be at the lower end of its
mid-term guidance.
The world's largest liquor maker--which owns Johnnie Walker
whisky and Tanqueray gin--made a net profit for the half year ended
Dec. 31, 2019 of 1.87 billion pounds ($2.43 billion) compared with
GBP1.98 billion for the same period in 2018.
Operating profit--one of the company's preferred metrics--was
GBP2.44 billion compared with GBP2.43 billion.
Sales rose 4.2% to GBP7.2 billion, Diageo said. On an organic
basis sales were up 4%, compared with guidance given in September
for mid-4% to 6%.
The board has declared an interim dividend of 27.41 pence a
share, up from 26.1 pence for the half year ended Dec. 31,
2018.
Chief Executive Ivan Menezes said the company isn't immune from
policy changes given the uncertainty in the global trade
environment.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
January 30, 2020 02:49 ET (07:49 GMT)
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