Dairy Farm Sales, Earnings Continued To Grow But Rate Slower Vs 1st Half
November 09 2011 - 4:03AM
Dow Jones News
Dairy Farm International Holdings Ltd. (D01.SG), a pan-Asian
retailer, said sales and earnings for the period July 1 to Nov. 8
continued to grow during the period under review, although the rate
of growth has slowed as compared to the first half of the year.
MAIN FACTS:
-Group's Hong Kong operations performed well overall, and some
progress was made in mainland China.
-In Taiwan, the supermarket business stabilized and IKEA is
trading strongly.
-Restaurant associate, Maxim's, also produced improved results
and continues to expand on the Mainland.
-Good growth in profit was recorded in Indonesia, but the
operations in Malaysia and Singapore experienced some slowdown.
-Group is maintaining a strong financial position.
-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296;
ian.walker@dowjones.com
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