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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 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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