StockMarketWire.com - Dairy Farm said weak trading conditions in several of its Hong Kong businesses would more than offset the benefits from its transformation programme.

For the full year, while the group was 'seeing benefits from its transformation programme, these are expected to continue to be more than offset by weak trading conditions in several of its Hong Kong businesses,' the company said.

Sales by the group's subsidiaries in the quarter declined, as reported revenue for Hypermarkets and Supermarkets was impacted by the Southeast Asia store optimisation plan and the divestment of the Rustan Supercenters business, it added.




Story provided by StockMarketWire.com