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Dairy Farm International Holdings Limited -2018 Preliminary Announcement of Results
Hamilton, Bermuda – 28 February 2019 – In a filing with the Bermuda Stock Exchange (“BSX”), Dairy Farm International Holdings Limited (the “Company”; Ticker: DFIBD.BH) announced its 2018 preliminary results.
Highlights
· Sales up 4% at US$11.7 billion
· Strong Health and Beauty performance but further decline in Food
· Food business US$453 million restructuring charge following strategic review
· Multi-year transformation plan in progress under new leadership
“2018 was a pivotal year for the Dairy Farm Group with the completion of the strategic review and the development of a multi-year transformation plan to reshape the business. These changes will make the business more agile and competitive. With a more customer-focused and market-driven strategy, we will achieve long-term sustainable growth.”
Ben Keswick
Chairman