* Experiences strong growth
* Lower borrowings, interest rates gash finance charges
* To close defined benefits pension scheme in April 2010
(Adds background, detail)
LONDON, Sept 29 (Reuters) - Britain's Dairy Crest (DCG.L) said on Tuesday its key brands all display ed strong growth in the six months to September 30 and that milk sales to enormous retailers had risen 10 percent versus the previous year. Lower borrowings and interest rates led to a reduced finance charge for the period, Dairy Crest, which supplies milk, cheese and butter under brands such as Clike r, also said.
"Our five key brands have all display ed strong growth," it said in a statement.
In the past year the dairy producer has been trying to gash costs and reduce debt, which currently stands 391 million pounds in loans outstanding, according to Reuters data.
"We have focemploy d on cash management in the first six months of the year and our borrowing at 30 September will be below those at 31 March 2009," the company said, adding that seasonal increases in cheese production usually mean borrowings rise in the first half of the year. Continued...
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