Magazines Archives - 2008 May

Dairy Farm performs well despite uncertain climate
Story 1

MULTI-FORMAT retail operator Dairy Farm International Holdings Ltd is optimistic about its trading prospects for the year despite the “more uncertain economic outlook”.

In a May 7 announcement, the company, which operates supermarkets, hypermarkets, and health & beauty, furniture and convenience stores in various parts of Asia, said its major businesses
already performed well for the January 1-May 6 period this year.

“The group’s north Asian operations are continuing to trade well, with Hong Kong retail activities showing improved results and Taiwan businesses trending positively. In Singapore, all
formats are showing improvement, while the retail businesses in Malaysia are producing enhanced sales and profits as the expansion in store numbers continues,” Dairy Farm stated.

Its Indonesian venture, PT Hero, is “achieving better results”. However, Dairy Farm’s operations in India are “affected by increasing costs and competition”.

Since December 2007, Dairy Farm, a member of the Jardine Matheson Group, has been operating, together with its associates, 4,191 outlets and 69,000 employees in Asia, with total annual sales of US$6.8 billion, up from US$5.1 billion in 2006, and a net income of US$257.1 million, an improvement over US$211 million in 2006.



2008 May Stories:

Building a culture around hygiene and integrity: Singapore a model to watch in the region

Dairy Farm performs well despite uncertain climate

Customer service tops concerns despite slowdown

Chinese suppliers to hold prices steady

SM group posts first-quarter income gains in the Philippines

Appintment - Bobby Cheng Hoo Wah

Top-end German kitchen sets up shop in China

FJ Benjamin renews franchise for Guess

Orchard Road makeover begins

Swiss firm in Basel to invest in biotech facility in China

Visa updates list of compliant service providers

Aditya Birla Retail drives format expansion in India with Oracle technology

Annual growth for RFID market at 20.7%

Woolworths to extend self-checkouts to 70 stores by next month

TESCO shores up in Malaysia with SAS

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