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DAIRY FARM INTERNATIONAL HOLDINGS LIMITED HALF-YEARLY RESULTS FOR THE SIX MONTHS ENDED 30TH JUNE 2015
Hamilton, Bermuda – 12 August, 2015 – In a filing with the Bermuda Stock Exchange, dated 30 July, 2015, Dairy Farm International Holdings Limited (the “Company”; Ticker: DFIBD.BH) announced its results for the six months ending 30th June. The filing stated:
Highlights
· Sales of continuing businesses up 3%, and at constant rates of exchange up 7%
· Underlying profit 14% lower
· Continuing margin weakness in Food despite sales growth
· Investment in Yonghui Superstores in China completes
· Acquisition of San Miu supermarkets in Macau
“While sales have been broadly positive across most businesses, margin pressures continue to impact the financial performance of the Food business. The Group’s results were impacted further by adverse exchange rate movements. We are pleased to have completed the investments in Yonghui and in San Miu. We are focusing on delivering a clear value proposition to our customers as part of our modern retail offering, and we remain well positioned to take advantage of our regional footprint, our competitive position in key markets and our strong financial position.”
Ben Keswick
Chairman
Dairy Farm International Holdings Limited is incorporated in Bermuda and has a standard listing on the London Stock Exchange as its primary listing, with secondary listings in Bermuda and Singapore. The Group’s businesses are managed from Hong Kong by Dairy Farm Management Services Limited through its regional offices. Dairy Farm is a member of the Jardine Matheson Group.
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The full press release has been published on the Company’s website: http://www.dairyfarmgroup.com/DairyFarm/media/Dairy-Farm/Media/Press-Releases/p150730.pdf
For further information, please contact:
Dairy Farm Management Services Limited
Graham Allan (852) 2299 1881
Neil Galloway (852) 2299 1896
Brunswick Group Limited
Siobhan Xiaohui Zheng (852) 3512 5044
This and other Group announcements can be accessed through the Internet at‘www.dairyfarmgroup.com’.