Dairy Crest to sell dairies assets as first-half profit slumps

Nov 6 (Reuters) - Dairy Crest Group Plc, Britain's largest dairy food company, posted a 95 percent slump in first-half profit and said it had agreed to sell the assets of its dairies operations to Müller UK & Ireland Group for 80 million pounds ($127.9 million).<br> <br> <br> <br> The sale, which is expected to take several months, will protect long-term employment and help reduce costs and dr jay deshmukh - https://www.sunflowershospitals.com increase efficiency, Dairy Crest - http://www.business-opportunities.biz/search/?q=Dairy%20Crest said in a statement on Thursday.<br> <br> <br> <br> The maker of Cathedral City cheese and Country Life butter, said profit before tax fell to 0.9 million pounds in the six months ended Sept. 30 from 19.7 million pounds a year earlier, hurt by a loss in dairies business, which accounts for 70 percent of its revenue. Revenue rose 1 percent to 682.1 million pounds. ($1 = 0.6253 British pound) (Reporting by Aastha Agnihotri - http://Topofblogs.com/tag/Aastha%20Agnihotri in Bangalore; Editing by Gopakumar Warrier)