Hong Kong-based retailer Dairy Farm International Holdings has recorded an increase in net profit for 2010 as “favourable trading conditions” persisted in Asian markets.
The operator of 7-Eleven stores in a number of Asian countries today (3 March) recorded a 13% increase in both net profit and sales for the year to end 31 December, with profit reaching US$411m and sales reaching $7.9bn.
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The company said that it continued to expand both organically and through acquisitions, increasing its total number of outlets to 315 to 5,386.
Commenting on the results, chairman Simon Keswick said: “Dairy Farm’s major businesses enjoy leading positions in their respective market segments. The group’s prospects for 2011 are positive as the economic environments in most of the countries where it operates are expected to remain favourable.”
