Dairy Farm International 2012 Net Profit -7%, Chairman to Step Down

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 [e-mail]

Order free Annual Report for Dairy Farm International Holdings Ltd.

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Order free Annual Report for Dairy Farm International Holdings Ltd.

Visit http://djnweurope.ar.wilink.com/?ticker=US2338594045 or call [phone]

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