HONG KONG: Dairy Farm posts profit growth for first half
Hong Kong-based retail conglomerate Dairy Farm International Holdings said today (29 July) it saw first-half profits rise almost 17% on the back of higher sales.
Dairy Farm posted US$181.4m profit after tax for the first half of 2010, up 16.7% on the first half of 2009. Sales reached US$4.3bn, up 13% on the previous year.
Chairman Simon Keswick said: "Based on current market conditions, Dairy Farm is expected to continue to trade well in the second half of 2010 and to produce a satisfactory result for the full year."
The company, which has stores in markets including China, Malaysia and Singapore, opened 127 outlets over the half to reach 5,198 stores in operation over the half.
- Unilever 2016 investor day - the top takeaways
- The key questions for digital strategists in 2017
- Have food promotions reached tipping point?
- ABF on Brexit, M&A and grocery - interview
- Can manufacturers revitalise shopper experience?
- Nestle unveils process to cut sugar by 40%
- General Mills jobs to go in business revamp
- Japan's Nagatanien buys Chaucer Food Group
- B&G acquires pasta sauce group Victoria Fine Foods
- Tyson sets up US$150m investment fund