Dairy Farm FY16 profit grows 10.5% to US$469m
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Singapore
DIVERSIFIED retailer Dairy Farm International's net profit rose 10.5 per cent to US$469.0 million in 2016 as margins improved in its food and Ikea businesses, and contributions rose from associates and joint ventures.
For the 12 months ended Dec 31, earnings per share was 34.69 US cents. The company is proposing a final dividend 14.5 US cents per share. Dairy Farm shares closed at US$8.44 on Thursday before the results were announced.
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