Asian grocery retailer Dairy Farm International Holdings said today (11 May) that its major businesses "performed well" through the first part of the year.

In an interim management statement covering 1 January to 10 May, it reported a "good overall performance" from its Hong Kong operations, and "steady progress" in mainland China.

It said that it faced "challenging market conditions" in its Taiwan supermarket business, although its Malaysian and Indonesian businesses saw "steady growth".

Dairy Farm affirmed that it is trading ahead of the same period of last year and "remains in a strong financial position".