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.
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.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suitedelivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.
