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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 | 9.07 | 9.94 | 2 | 22:00:00 |
LONDON--Dairy Farm International Holdings Ltd's underlying earnings during the period from July 1 to Nov. 1, were lower than in the previous year, mainly due to challenging trading conditions and cost inflation at its Food businesses.
Trading conditions in the group's Food businesses are expected to remain challenging for the rest of the year and margin pressure will continue to be a factor across the group, the pan-Asian retailer said Wednesday.
The group's overall performance was subdued during the period under review. Increased sales and profits were achieved in the Health and Beauty, Home Furnishings and Restaurants divisions, despite continuing pressure on margins.
"By contrast, the Food business experienced lower profitability as a result of challenging trading conditions and cost inflation," the company added.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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