Slashed costs aid Dairy Crest

DAIRY CREST yesterday revealed that it had swung back into profit in the six months to the end of September as it further slashed costs and boosted sales of its key butter and cheese brands.

The firm, which makes Cathedral City, said profits from continuing operations were £19.7m, up from a loss of £13.1m in the same period a year ago.

Revenues fell two per cent to £672.2m, which the firm said was a success given the tough consumer market.