Diageo: stock bubbling after interim results
(CercleFinance.com) - The Diageo share jumped 8% in London on Thursday, with investors thirsty for the share after the group reported H1 EPS excluding extraordinary items that is up 4.
2% at 80.2 pence, with a 5% hike in its interim dividend to 27.41 pence per share.
The British spirits giant maintained its operating profit at 2.4 billion pounds (+4.6% in organic terms), with its sales up at 7.2 billion pounds, boosted by organic growth of 4.2% in all of its regions.
For the full year, Diageo therefore expects organic net sales growth to be "towards the lower end of our 4 to 6% mid-term guidance range". It still expects organic operating profit to grow roughly one percentage point ahead of organic net sales.
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2% at 80.2 pence, with a 5% hike in its interim dividend to 27.41 pence per share.
The British spirits giant maintained its operating profit at 2.4 billion pounds (+4.6% in organic terms), with its sales up at 7.2 billion pounds, boosted by organic growth of 4.2% in all of its regions.
For the full year, Diageo therefore expects organic net sales growth to be "towards the lower end of our 4 to 6% mid-term guidance range". It still expects organic operating profit to grow roughly one percentage point ahead of organic net sales.
Copyright (c) 2020 CercleFinance.com. All rights reserved.