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

 

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Press Releases
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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

  USą USą %

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 USą1.65 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.

Go To 1998 Interim Report

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