March 8, 2013

Dairy Farm's 2012 net profit drops 7%

Dairy Farm International posted a 7% decline in net profit for the fiscal year ended December 31, 2012 to US$450.2 million from US$484.3 million a year ago, despite a 7% increase in turnover to US$9.8 billion.

Profit for the year includes a non-trading gain of US$3 million arising from the disposal of retail properties in Singapore. It benefited from a non-trading gain of US$10 million a year ago.

Earnings per share were US$0.3334 compared to US$0.3587 a year earlier.