Sales growth curbed by forex

Diageo, the earth’s largest spirits company, reported a 1.7 percent increase in half-year sales on Thursday, as growth was curbed by foreign exchange rates along with issues including a later Chinese fresh Year along having a ban on selling alcohol near Indian highways along with stood by its full-year goals.

Diageo said operating profit rose 6.1 percent to 2.2 billion pounds ($3.14 billion) on net sales up 1.7 percent at 6.5 billion pounds.

Earnings per share before items were 67.8 pence.

The maker of Johnnie Walker whisky along with Smirnoff vodka had previously warned in which sales along with profit growth for the current financial year could be driven by the second half, which will end in June.

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