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Dairy Farm posts 6% growth in 1H earnings to $306.2 mil on higher sales

Michelle Zhu
Michelle Zhu • 2 min read
Dairy Farm posts 6% growth in 1H earnings to $306.2 mil on higher sales
SINGAPORE (July 26): Dairy Farm International (DFI), a member of the Jardine Matheson Group, announced earnings of US$225 million ($306.2 million) for the half-year ended June, up 6% from its 1H17 restated earnings of US$212 million a year ago on higher c
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SINGAPORE (July 26): Dairy Farm International (DFI), a member of the Jardine Matheson Group, announced earnings of US$225 million ($306.2 million) for the half-year ended June, up 6% from its 1H17 restated earnings of US$212 million a year ago on higher consolidated sales.

An unchanged interim dividend of 6.5 US cents per share has been declared for the period under review.

Combined total sales for 1H18, including 100% of associates and joint ventures (JVs), was US$12.2 billion, rising 17% from US$10.4 billion a year ago, primarily as a result of strong growth in its China-based supermarket retailer associate Yonghui as well as the group’s catering associate, Maxim’s.

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