Diageo, the world's largest producer of spirits including Johnnie Walker and Captain Morgan, has reported a big increase in annual profits off the back of strong sales growth in emerging regions.
Pre-tax profit for the year to the end of June was £3.1bn, up 32% on the £2.4bn the company made in 2011 while sales in Latin America and Africa increased by 60% and 40% respectively. In its report, Diageo said that the European economy remains very uneven but the company delivered good sales and profit…
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