Diageo sees 9.4% jump in organic net sales for first half as prices rise

[marketwatch.com] 2 months ago by Michael Susin

Dow Jones Newswires

Last Updated: Jan. 26, 2023 at 2:56 a.m. ET First Published: Jan. 26, 2023 at 2:27 a.m. ET

(FILES) This file photo taken on August 22, 2014, shows the exterior of the headquarters of British multinational drinks company, Diageo, in west London. –

carl court/Agence France-Presse/Getty Images

Diageo PLC UK:DGE said Thursday that pretax profit rose in the first half of fiscal 2023, supported by better-than-expected sales volumes due to higher prices, and raised its dividend payout.

The London-based maker of Johnnie Walker Scotch whisky, Guinness stout and Smirnoff vodka made a pretax profit of 3.06 billion pounds ($3.73 billion) for the six months ended Dec. 31 compared with GBP2.72 billion the prior year.