Diageo PLC (LSE:DGE) on Tuesday reported a drop in half-year revenue and operating profit reflecting a 23% decline in Latin America & Caribbean (LAC) sales. The owner of Guinness, Johnnie Walker and Smirnoff said sales in the half-year ended December fell 1.4% to $11.0 billion, with organic sales down 0.6%, driven by a 23% decline in LAC. Excluding LAC, organic net sales grew 2.5%, driven by Asia Pacific, Africa and Europe, partially offset by a 1.5% decline in North America. Reported operating profit in th ...