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.
- Nomad's post-Iglo opportunities
- Focus: Can Arla jump-start UK flavoured milk?
- PepsiCo underlines the challenge on health
- Hershey's long-term confidence on China
- Comment: Nestle reacts to world of 3G and Buffett
- Tesco delists Rachel's Organic yoghurt range
- Hostess sale rumours hit headlines again
- Hershey cuts sales forecast on forex and China
- Bongrain investors approve name change
- Second US ice cream firm announces total recall