Dairy Farm International Holdings Ltd. (DFIB.LN) Thursday
reported a 2% rise in first-half net profit, but cautioned that
trading conditions remain challenging in some key markets,
especially the Food businesses in Southeast Asia, and this is
likely to continue in the second half.
Chairman, Ben Keswick said despite the challenging conditions
the group is well placed to drive long-term growth with strong
market positions in its major businesses, a sharper focus on
customer needs and strengthening its brands, improved supply chain
and systems capabilities, and its strong financial position.
For the half year ended June 30 the pan-Asian retailer made a
net profit of US$234 million, compared with $229 million a year
earlier. Sales, including associates and joint ventures, rose 5% to
$6.31 billion. Net cash was $568 million at June 30.
The interim dividend has been maintained at 6.50 cents a
share.
-Write to Ian Walker at ian.walker@wsj.com
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