SINGAPORE (Mar 4): Analysts are keeping a neutral stance on Dairy Farm, a member of the Jardine Matheson Group, following its FY18 results announcement.
Dairy Farm posted a 4% rise in sales to US$11.7 billion while underlying profit rose 5% to US$424 million. Net non-trading charge totalled US$332 million, which included a US$453 million restructuring charge for the Food business in Southeast Asia but was partially offset by a net gain of US$121 million principally in relation to business and property disposals.
