date:Jun 23, 2014
s decline in the power brands after a 3.5% sales drop during the first quarter.
Premier said the full-year profits forecast remained unchanged with a cost-cutting programme helping to balance sales.
The company announced a 1.13 billion refinancing package in March.
In a statement, the company said, While Power Brands sales for the second quarter are anticipated to be negative and below the company's expectations due to subdued grocery markets, profit expectations for the twelve months to 31 D