Dairy Farm International Trading Ahead Of Same Period Last Year

Pan-Asian retailer Dairy Farm International Holdings Ld. (D01.SG) said Wednesday it is trading ahead of the same period last year and its financial position remains strong, although net cash is lower than reported at the end of 2011 after the acquisitions in Cambodia and the Philippines during the period.

MAIN FACTS:

-Dairy Farm's major businesses performed well during the period under review, which included the Chinese New Year sales period.

-Hong Kong operations maintained a strong performance overall, while steady progress was made in mainland China.

-In Taiwan, the supermarkets continued to improve, and IKEA achieved further profit growth.

-Restaurant associate, Maxim's, also produced a good result.

-While businesses in Malaysia faced increased competition, steady performances were seen in Singapore and its operations in Indonesia recorded higher profits.

-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com

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