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Pin to quick picksDfi Retail Intl Regulatory News (DFI)

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Interim Management Statement

6 Nov 2013 09:07

RNS Number : 3281S
Dairy Farm International Hldgs Ltd
06 November 2013
 



To: Business Editor For immediate release

 

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

Interim Management Statement

 

6th November 2013 - Dairy Farm International Holdings Limited has today issued its Interim Management Statement covering the period from 1st July to 5th November 2013.

 

Sales growth was achieved in most of the Group's major businesses during the period under review, although cost pressures and margin investment in certain businesses led to earnings continuing to be slightly lower than in the previous year.

 

Satisfactory sales and profit growth were seen in the Group's Health and Beauty businesses, IKEA operations and restaurant associate, Maxim's. Overall, the Food businesses recorded lower profits despite an increase in sales. Wellcome and 7-Eleven in Hong Kong performed strongly, but this was offset by escalating costs and margin investment in the Food businesses in Singapore and Malaysia. The Group's results were impacted further on translation by the weaker Malaysian ringgit and Indonesian rupiah exchange rates.

 

The Group opened the fifth IKEA store in Taiwan in early September with encouraging initial trading and is expecting to open its first Guardian health and beauty store in Cambodia by the end of the year.  Maxim's has now opened its third Starbucks store in Vietnam.

 

The Group's financial position remained strong and it held net cash at 31st October 2013.

 

Dairy Farm is a leading pan-Asian retailer. The Group, together with its associates and joint ventures, operate over 5,700 outlets - including supermarkets, hypermarkets, convenience stores, health and beauty stores, home furnishings stores and restaurants - employing over 97,000 people, and had total annual sales in 2012 exceeding US$11 billion. Dairy Farm International Holdings Limited is incorporated in Bermuda and has a premium listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. It is a member of the Jardine Matheson Group.

 

- end -

 

For further information, please contact:

 

Dairy Farm Management Services Limited

Neil Galloway (852) 2299 1896

 

GolinHarris

Kennes Young (852) 2501 7987

 

 

This and other Group announcements can be accessed through the Internet at 'www.dairyfarmgroup.com'.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IMSLIFIALRLRIIV
Date   Source Headline
11th Apr 201311:08 amRNSDirector/PDMR Shareholding
10th Apr 201311:32 amRNSDirector/PDMR Shareholding
9th Apr 201311:05 amRNSDirector/PDMR Shareholding
8th Apr 201311:18 amRNSDirector/PDMR Shareholding
2nd Apr 201310:52 amRNSTotal Voting Rights
2nd Apr 201310:52 amRNSDirector Declaration
27th Mar 201311:10 amRNSDirector/PDMR Shareholding
27th Mar 20139:37 amRNSDirector Declaration
25th Mar 201310:13 amRNSBlocklisting Interim Review
20th Mar 20138:43 amRNSAdditional Listing
19th Mar 201310:43 amRNSDirector/PDMR Shareholding
7th Mar 20139:20 amRNSChairmanship
7th Mar 20139:06 amRNSFinal Results
8th Feb 20139:11 amRNSNotice of 2012 Final Results
23rd Jan 201312:11 pmRNSDirectorate Change and Declaration
31st Dec 20127:09 amRNSDirector/PDMR Shareholding
21st Dec 20129:11 amRNSDirector/PDMR Shareholding
20th Dec 201210:03 amRNSDirector/PDMR Shareholding
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7th Nov 20129:08 amRNSInterim Management Statement
26th Sep 201210:21 amRNSDividend
25th Sep 201210:11 amRNSBlocklisting Interim Review
31st Aug 201210:42 amRNSTotal Voting Rights
29th Aug 201211:58 amRNSDirector/PDMR Shareholding
10th Aug 201211:38 amRNSDirector/PDMR Shareholding
26th Jul 201210:06 amRNSHalf Yearly Report
28th Jun 201212:42 pmRNSNotice of 2012 Half-Yearly Results
14th Jun 20128:55 amRNSAdditional Listing
11th Jun 201210:15 amRNSDirector Declaration
7th Jun 201212:17 pmRNSDirector/PDMR Shareholding
10th May 201210:07 amRNSDirectorate Change
9th May 20124:57 pmRNSAGM Statement
9th May 20124:54 pmRNSResult of AGM
9th May 201212:31 pmRNSInterim Management Statement
3rd May 201212:18 pmRNSAnnual Information Update
2nd May 201210:49 amRNSDividend
27th Apr 201210:58 amRNSDirector Declaration
11th Apr 201210:09 amRNSAnnual Financial Report
2nd Apr 201212:13 pmRNSDirector Declaration
26th Mar 201212:14 pmRNSBlocklisting Interim Review
20th Mar 20128:50 amRNSAdditional Listing
12th Mar 201210:44 amRNSDirector/PDMR Shareholding
1st Mar 20129:01 amRNSFinal Results
6th Feb 201211:19 amRNSNotice of 2011 Final Results
9th Nov 20119:08 amRNSInterim Management Statement
1st Nov 20119:59 amRNSTotal Voting Rights

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