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DFIHY DFI Retail Group Holdings Ltd (PK)

9.08
0.00 (0.00%)
02 Jul 2024 - Closed
Delayed by 15 minutes
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

Dairy Farm International Warns on Coronavirus Hit to 1Q Performance

28/04/2020 11:17am

Dow Jones News


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By Adria Calatayud

 

Dairy Farm International Holdings Ltd. said Tuesday that its overall first-quarter performance was significantly affected by the coronavirus pandemic and deteriorating consumer sentiment.

Although the company's grocery retail sales and profit benefited from changing customer behavior as a result of antipandemic measures, its health-and-beauty and convenience businesses, as well as 50%-owned associate Maxim's all experienced a deterioration in the quarter, Dairy Farm said.

The Hong Kong-based retail company said it has taken a series of steps to control costs and preserve its cash position. The company remains confident in its overall financial position and said net debt at March 31 was $991 million with $456 million of liquidity.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

April 28, 2020 06:02 ET (10:02 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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