Diageo reports 9% growth for yeat to date

In an interim management report released today Diageo has maintained full-year guidance for 9% organic operating profit growth for the year ending June 30 2008.

According to the statement, in the nine-month period ended March 31 2008 Diageo's organic net sales growth was 7%, in line with the performance seen in the first half of the year ending June 30.

Also revealed was that there has been no material change in the financial position of the group.

Paul Walsh, chief executive of Diageo commented: “Trading in the third quarter continued in line with the first half and we are therefore maintaining our guidance for 9% organic operating profit growth for the current fiscal year.

“We continue to believe that the diversity and strength of our brands, the success of our marketing campaigns, our superior routes to market and our global reach will be key in delivering our performance.”

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