Dairy Farm International Hldgs Ltd Interim Management Statement (0677E)
May 03 2017 - 7:31AM
UK Regulatory
TIDMDFI TIDMJAR TIDMJDS
RNS Number : 0677E
Dairy Farm International Hldgs Ltd
03 May 2017
To: Business Editor For immediate release
The following announcement was issued today to a Regulatory
Information Service approved by the Financial Conduct Authority in
the United Kingdom.
DAIRY FARM INTERNATIONAL HOLDINGS LIMITED
Interim Management Statement
3rd May 2017 - Dairy Farm International Holdings Limited has
today issued its Interim Management Statement for the first quarter
of 2017.
A challenging Chinese New Year and the absence of the extra
leap-year trading day seen in 2016 led to sales for the Group's
subsidiaries in the first quarter being slightly below the prior
year. There were, however, improved operating margins in certain
businesses that offset the soft sales and led to a modest increase
in operating profits.
In the Food Division, sales for the first quarter of 2017 were
marginally positive in Greater China but declined in Southeast
Asia, with overall operating profits being below last year. Both
the Health and Beauty and Home Furnishings Divisions produced
higher sales and operating profits.
Key associates, Maxim's and Yonghui, delivered good sales and
profit growth for the period, and their contributions to the Group
were ahead of the prior year.
Overall, the Group's underlying earnings for the first quarter
were slightly ahead of the same period last year, and the outlook
is for trading conditions to continue to be broadly similar.
Dairy Farm is a leading pan-Asian retailer. The Group, together
with its associates and joint ventures, operates over 6,500 outlets
- including supermarkets, hypermarkets, convenience stores, health
and beauty stores, home furnishings stores and restaurants -
employing over 180,000 people, and had total annual sales in 2016
exceeding US$20 billion. Dairy Farm International Holdings Limited
is incorporated in Bermuda and has a standard listing on the London
Stock Exchange, with secondary listings in Bermuda and Singapore.
It is a member of the Jardine Matheson Group.
- end -
For further information, please contact:
Dairy Farm Management Services Limited
Neil Galloway (852) 2299 1896
Brunswick Group Limited
Siobhan Xiaohui Zheng (852) 3512 5044
This and other Group announcements can be accessed through the
internet at 'www.dairyfarmgroup.com'.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DOCLLFVLEIIVIID
(END) Dow Jones Newswires
May 03, 2017 07:31 ET (11:31 GMT)
Dfi Retail (LSE:DFIJ)
Historical Stock Chart
From Jul 2024 to Jul 2024
Dfi Retail (LSE:DFIJ)
Historical Stock Chart
From Jul 2023 to Jul 2024