August 5, 2011

Dairy Farm International's profit rises from January-June

Dairy Farm International Holdings Limited gained a profit of US$226.4 million for the first half ended June 30, 2011, or US$0.17 per diluted share after tax was attributed to the shareholders of the company.

Sales for the first half of 2011 were US$4.4 billion, compared to US$3.79 billion for the first half of 2010.

Operating profit for the first half of 2011 was US$253 million, compared to US$216.2 million for the first half of 2010.

Simon Keswick, chairman of the company, said, "Despite inflationary cost pressures, Dairy Farm's major businesses are expected to continue to trade well and produce a satisfactory result for the full year."