LONDON--Pan-Asian retailer Dairy Farm International Holdings
Ltd. Thursday reported a 7% fall in net profit, due mainly to a
reversal of certain income incorrectly accrued in Malaysia in prior
years, and said Chairman Simon Keswick will step down from the
board at the AGM on May 15.
MAIN FACTS:
-Sales for year ended Dec. 31, 2012 US$9.80 million (2011:
US$9.13 million), +7%
-Underlying profit attributable to shareholders $447 million
(2011: $474 million), -6%
-Profit attributable to shareholders $450 million (2011: $484
million), -7%
-Adjusted underlying profit $506 million (2011: $450 million),
+13%
-Underlying EPS 33.14 cents (35.09 cents), -6%
-Basic EPS 33.34 cents (2011: 35.87 cents), -7%
-Adjusted underlying EPS 37.48 cents (2011: 33.31 cents),
+13%
-Final dividend 16.50 cents per share, making 23.00 cents for
year (2011: 21.00 cents), +10%
-Strong trading performances in Hong Kong and Indonesia
-Trading conditions remain challenging in some areas
-Net cash at the end of 2012 up $55 million at $521 million
-Ben Keswick to succeed Simon Keswick as Chairman.
-Write to Ian Walker at ian.walker@dowjones.com
Order free Annual Report for Dairy Farm International Holdings
Ltd.
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Ltd.
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