Dairy Farm - Corporate

Home | Corporate Information | Our Company | Our People | Recruitment

Dairy Farm's
core strategy is
to focus on
international
food retailing
and drugstore
operations.

dairy farm graphic

INTERIM REPORT 1998 HIGHLIGHTS

Good performance at Franklins
Steady growth in Hong Kong retail
Solid balance sheet with net cash

Results

	(unaudited)
	Six months ended 30th June
	1998	1997	Change
	US$m	US$m	%

Sales from continuing activities	2,889	3,224	-10
Profit attributable to ordinary Shareholders	87	40	+118
Net profit from continuing activities	47	44	+6

	US¢	US¢	%

Earnings per ordinary share	4.74	2.26	+110
Earnings per ordinary share from continuing activities	2.57	2.51	+2
Dividends per ordinary share	1.65	1.65	-

"The quality of our major businesses in Hong Kong, Australia and New Zealand continues to improve. With our strong balance sheet, the Group is well placed to take advantage of new investment opportunities in the more difficult economic conditions in Asia Pacific, and we will continue to support our existing businesses by investing in procurement, systems and people."

Simon Keswick,Chairman
16th September 1998

The interim dividend of US¢1.65 per share will be payable on 24th November 1998 to Shareholders on the register of members at the close of business on 2nd October 1998. The share registers will be closed from 5th to 9th October 1998, inclusive.

Comments and Suggestions