date:Oct 18, 2012
pment hit sales. Asia-Pacific currently accounts for 14% of Diageos total sales.
Nonetheless, Diageo said that demand for its products in China was up 2%.
Asia Pacific was disappointing and South Korea and Japan are markets we will be keeping a close eye on in future but if you are looking at the picture as a whole we are still very happy. It remains our key pick in the sector, Phil Carroll, an analyst at Shore Capital told Reuters.
Underlying sales in the US were up 5% but fell 1% in Europe.