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JMHLY Jardine Matheson Holdings Ltd (PK)

35.40
-0.03 (-0.08%)
09 Aug 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Jardine Matheson Holdings Ltd (PK) USOTC:JMHLY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.03 -0.08% 35.40 34.15 37.05 35.73 34.81 35.2825 24,437 21:30:09

Dairy Farm: Underlying Earnings Fall Due to Challenging Trading

05/11/2014 10:52am

Dow Jones News


Jardine Matheson (PK) (USOTC:JMHLY)
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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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