The following announcement was issued today to a Regulatory Information Service approved by the Financial Conduct Authority in the United Kingdom.
DAIRY FARM INTERNATIONAL HOLDINGS LIMITED
2014 PRELIMINARY ANNOUNCEMENT OF RESULTS (UNAUDITED)
Highlights
·Sales up 5% with growth in all divisions
·Underlying profit 4% above last year
·Good results from Health and Beauty, Home Furnishings and Restaurants, offset by lower performance in Food
·Strategic investment in Yonghui Superstores in China announced
"Challenging trading conditions continue in some key businesses and markets, particularly in the supermarket and hypermarket sector in Southeast Asia. Progress is being made in repositioning the Company for future growth with strategic corporate, supply chain and IT investments. Dairy Farm's market-leading positions in most of its major businesses, broad retail footprint across Asia, strong balance sheet and growing focus on mainland China make it well placed to deliver long-term growth."
Ben Keswick
Chairman

To continue reading this noodl, please get the original version here.

distributed by