LONDON--Pan-Asian retailer Dairy Farm International Holdings
Ltd. (D01.SG) Wednesday reported a 5.8% fall in first-half net
profit although sales rose 7%, and said while trading conditions
remain challenging in some areas, progress is being made in
addressing margin pressures and the Group continues to invest for
long-term growth in all its key businesses.
MAIN FACTS:
-Sales for half year ended June 30 US$5.10 billion (2012:
US$4.77 billion), +7%
-Underlying profit attributable to shareholders $228 million
(2012: $241 million), -5%
-Net profit $229 million (2012: $243 million)
-Underlying diluted EPS 16.87 U.S. cents (2012: 17.81 U.S.
cents)
-Diluted EPS 16.93 cents (2012: 17.96 cents)
-Interim dividend per share 6.50 cents (2012: 6.50 cents)
-Outlook is for a modest improvement in the remainder of the
year.
-Group's financial position remains healthy with net cash of
$421 million at June 30.
-Alec Tong will leave his position as Group Finance Director at
the end of the third quarter to move to another role within the
Jardine Matheson group; he will be succeeded by Neil Galloway, who
joins the Group from The Hongkong and Shanghai Hotels, Ltd.
-Write to Ian Walker at ian.walker@wsj.com
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