Dairy Farm's H1 profit up 4%
RETAIL group Dairy Farm International Holdings on Thursday announced a 4 per cent year-on-year increase in net profit to US$199 million for the half year ended June 30, 2016.
Sales (excluding from associates and joint ventures) fell one per cent to US$5.56 billion from the year-ago period, despite the closure of a number of underperforming stores in Singapore and Indonesia, the company said.
Half-year earnings per share grew to 14.74 US cents from 14.16 US cents in the preceding year.
Dairy Farm has a standard listing on the London Stock Exchange as its primary listing, with secondary listings in Bermuda and Singapore.
Dairy Farm shares closed nine US cents higher at US$6.74 on Thursday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Renault Q1 sales rise 1.8%, helped by financing business
UBS lifts Chinese stocks to overweight in rare upgrade call
China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show
Citi picks Amit Dhawan to head Singapore commercial bank operations
Fintech startup Qashier gets in-principle approval for major payment institution licence from MAS
China finance ministry echoes Xi’s call for bond trading at PBOC