Last checked at 11 May 2011 12:30
To: Business Editor For immediate release
The following announcement was issued today to a Regulatory Information Service approved by the Financial Services Authority in the United Kingdom.
DAIRY FARM INTERNATIONAL HOLDINGS LIMITED
Interim Management Statement
11th May 2011 - Dairy Farm International Holdings Limited has today issued an Interim Management Statement covering the period from 1st January to 10th May 2011, in accordance with the requirements of the Disclosure and Transparency Rules issued by the Financial Services Authority in the United Kingdom.
During the period under review, which included the key Chinese New Year sales period, Dairy Farm's major businesses performed well. The stronger Asian currencies also enhanced sales and earnings in US dollar terms.
There was a good overall performance from the Group's Hong Kong operations, while steady progress was made in its businesses in mainland China. In Taiwan, the supermarket activities faced challenging market conditions, although IKEA recorded higher profits. Restaurant associate, Maxim's, also achieved improved results. Dairy Farm's businesses in Malaysia and Indonesia produced higher sales and profit, while the operations in Singapore saw steady growth.
The Group is trading ahead of the same period last year, and remains in a strong financial position.
Dairy Farm is a leading pan-Asian retailer. The Group and its associates operate over 5,300 outlets - including supermarkets, hypermarkets, health and beauty stores, convenience stores, home furnishings stores and restaurants - employing over 80,000 people in the region, and had total annual sales in 2010 exceeding US$9 billion. Dairy Farm International Holdings Limited is incorporated in Bermuda. It has a premium listing on the London Stock Exchange, and secondary listings in Bermuda and Singapore. It is a member of the Jardine Matheson Group.
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For further information, please contact:
Dairy Farm Management Services Limited
Alec Tong (852) 2299 1896
GolinHarris
John Morgan (852) 2501 7939
This and other Group announcements can be accessed through the Internet at 'www.dairyfarmgroup.com'.