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Cadbury 2007 profits dip, but says 2008 encouraging


    LONDON (Reuters) - Britain's Cadbury Schweppes Plc on Tuesday reported a 2 percent dip in 2007 profits but added it was encouraged by the good trading momentum it had seen in the new year and saw margin improvement in 2008.

    The world's largest confectionery group which makes Dairy Milk chocolate, Trident gum and Halls cough drops reported 2007 underlying pretax profits of 915 million pounds ($1.8 billion), below an analyst forecast range of 922 to 936 million and a consensus forecast of 929 million pounds.

    The London-based group said the planned demerger of its North American beverage business in the second quarter of 2008 was on track, and added that Roger Carr would be appointed chairman of Cadbury Plc and Wayne Sanders chairman of the new beverage group Dr Pepper Snapple Group, Inc.

    ($1=.5129 Pound)