Dairy Farm: July to Nov 5 Earnings Lower Due to Cost Pressures
06 Novembre 2013 - 10:53AM
Dow Jones News
LONDON--Pan-Asian retailer Dairy Farm International Holdings Ltd
(DFIB.LN), said Wednesday that cost pressures and margin investment
in certain businesses led to earnings continuing to be slightly
lower during the from period from July 1 to Nov. 5.
MAIN FACTS:
-Sales growth was achieved in most of the Group's major
businesses during the period.
-Satisfactory sales and profit growth were seen in the Group's
Health and Beauty businesses, IKEA operations and restaurant
associate, Maxim's.
-Overall, the Food businesses recorded lower profits despite an
increase in sales.
-The Group's financial position remained strong and it held net
cash at 31st October 2013.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
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