StockMarketWire.com - Dairy Farm's underlying profit attributable to shareholders fell by 14% to USD428m in the year to the end of December.

The group's overall performance in 2015 was impacted by the challenging retail environment, with both the Food Division and the Health and Beauty Division reporting lower profits, although most key businesses achieved positive like-for-like sales growth. The Home Furnishings and Restaurants Divisions reported good increases in both sales and profits. Sales including 100% of associates and joint ventures increased by 37% to USD17.9 billion, including contributions from Yonghui Superstores and San Miu from the respective dates of acquisition.

Sales for continuing businesses in US dollar terms were flat at USD13.1 billion, although at constant rates of exchange they were up 5%. Underlying profit was US$428 million, 14% below 2014, while at constant rates of exchange it was down 13%. Underlying earnings per share were USĀ¢31.66, down 14%.


At 9:15am:



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