ASIA: Dairy Farm earnings rise on sales growth
Dairy Farm's operations include running 7-Eleven on a franchise basis in parts of China
Pan-Asian retailer Dairy Farm International Holdings has booked an increase in 2013 earnings, which were boosted by sales gains during the year.
The London-listed company revealed that operating profit rose to US$551.3m in the 12 months to end-December, compared to $479.9m in the prior year.
Post-tax profit increased to $512.9m, compared to $449.6m, the group added. Lower financial charges and higher income from joint ventures lifted the bottom line.
Earnings were propelled by higher sales. 2013 revenue increased to $10.36bn, up from $9.8bn in 2012.
Click here to view the full company announcement.
- Premier Foods CEO expects UK supermarket rebound
- Why Post is increasing its exposure to cereal
- Briefing: The risks and rewards of e-tail in China
- Unilever must "speed" response to consumer trends
- Comment: Tread carefully over payment terms
- Post Holdings strikes deal to acquire MOM Brands
- Hershey to acquire meat jerky firm Krave
- Up & Go breakfast drinks set for UK launch
- Crisp maker Sibell acquires Spain's Celigueta
- Hershey linked to takeover of jerky maker Krave
- 10 Key Trends in Food, Health and Nutrition 2015
- The Sugar Backlash and its Effects on Global Consumer Markets
- Unilever - Strategy and SWOT Report
- The Future of Retailing in the UK to 2017
- Global Consumer Trend Framework: Understanding Attitudes and Behaviors that Influence Global Consumption Habits