LONDON, November 8, 2012 /PRNewswire/ --

In a video interview today, Dairy Crest CEO Mark Allen acknowledged that the reduction of profits in the Dairy division were responsible for lower underlying normalised profit numbers.

After a busy first half, Allen says the business is now on target to reach a 3% return on sales.

Finance Director, Alastair Murray added: "This year we will have taken about £23m out of the business to get a more efficient supply chain and we're going to continue to have targets like that in future years."

The interview and transcript are available now on http://www.cantos.com/company/DairyCrest.

MerchantCantos produces in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email prnsupport@merchantcantos.com or phone +44-207-936-1352.

SOURCE Dairy Crest PLC