Dairy Farm full-year profit falls 17% to US$424.4m

Singapore

ASIAN retailer Dairy Farm International Holdings on Thursday reported a near 17 per cent fall to US$424.4 million in profit attributable to shareholders for the year ended Dec 31, 2015. It cited the challenging retail environment.

The profit, which took into consideration net non-trading item of US$4 million arising mainly from a provision for closure of the Starmart chain in Indonesia, translated into earnings per share of 31.39 US cents, against 37.65 US cents a year ago.