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Name | Symbol | Market | Type |
---|---|---|---|
DFI Retail Group Holdings Ltd (PK) | USOTC:DFIHY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.08 | 9.25 | 9.76 | 0.00 | 21:00:17 |
By Rory Gallivan
Asian retail group Dairy Farm International Holdings Ltd. (DFIB.LN) said Wednesday it has performed satisfactorily so far in 2014 despite weakness in its food business.
Underlying profit was largely unchanged from the prior year, according to the company, which operates in countries such as Singapore and Malaysia and whose brands include Shopwise and Foodworld.
"Like-for-like sales growth was achieved in most markets, and increased profits were reported in the Health and Beauty, Home Furnishings and Restaurants divisions," the company said.
"The Food businesses, however, continued to experience weaker margins resulting from increased cost pressures, which led to slightly lower profits despite the higher sales."
Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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