Diageo's half-year sales rise on India, China demand; announces share buyback

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Diageo Plc, the world’s largest spirits company, reported higher half-year sales on Thursday, helped by strength in India and China.

The British maker of Johnnie Walker Scotch and Smirnoff vodka reported net sales of 6.91 billion pounds ($9.07 billion), up 7 percent on an organic basis, for the six months ended Dec. 31.

It reported earnings of 77 pence per share, excluding one-time items.

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