Diageo In Strong Position To Build On Emerging Market Growth

UK-based drinks company Diageo has posted a 2% rise in like-for-like sales for its latest financial year after a strong showing in the emerging markets of Latin America and Asia helped to offset a weaker performance in Western Europe and North America. The company's full-year sales climbed to GBP9.78bn, while operating profits were also up by 2% to GBP2.57bn. While sales have suffered as a result of the global downturn and a drop in discretionary spending, we believe a combination of very strong brands and relatively low debt make Diageo well placed to continue increasing its presence in emerging markets

To read the full article, please choose one of the following options: