Dairy Farm FY18 underlying net profit up 5.2%, takes hit from US$453m restructuring charge

Singapore

UNDERLYING net profit for supermarket and convenience store retailer Dairy Farm International increased 5.2 per cent to US$424 million last year.

But the group also incurred a one-off, non-trading after-tax and non-controlling interests charge of US$453 million as it restructured its Southeast Asia food business, offset by a net gain of US$121 million principally in relation to business and property disposals.