CHINA: Dairy Farm International posts 2001 profit of US$30m
Asian food and drug retailer Dairy Farm International Holdings Ltd today [Tuesday] reported net profits of US$30.1m for 2001. Much of the gain is attributed to the sale of assets in Australia. The results come after heavy losses of US$194.5m in 2000. Dairy Farm also reported that it had earmarked up to US$127.5m to repurchase as many as 170 million shares from shareholders. The group will pay between US$0.66 and US$0.75 per share. Stock closed in Singapore at US$0.635 yesterday.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- 2017: three major drivers of M&A strategy
- The food market in 2017 - consumer trends and M&A
- just-food 2017 Survey - your thoughts on growth
- Food market in 2017: need-to-know US trends
- 2017 - what will shape the UK food sector?
- Premier Foods issues profit warning
- UK's Bakkavor plays down IPO "speculation"
- Kellogg to slash 250 jobs
- Mondelez sells Vegemite to Bega
- Nestle mum on Mead Johnson takeover talk