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Weakness in Emerging Markets Hits Diageo’s Top Line
date:Aug 04, 2014
Diageo has reported a 10% drop in operating profit before exceptional items to 3.134 billion and net sales decreased by 9% to 10.258 billion for the year ended 30 June 2014, as the global drinks groups top line was adversely impacted by foreign exchange factors and weakness in emerging market economies although stability returned to Western Europe. On an organic basis, net sales edged up 0.4% for the year and improved by 0.8% in the fourth quarter.

Diageo did manage to achieve an organic operat

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