Companies / Hong Kong
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Dairy Farm Sales Up As Regional Expansion Continues
March 2007 | Company Finance AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Hong Kong-headquartered retail group Dairy Farm International has posted yet another year of impressive sales growth as its regional diversity continues to protect it against the potential downturns of operating in both emerging and mature Asian markets. The company's 2006 sales, not including those of associates, were up 9% year-on-year to US$5,175mn, while underlying profit increased 11% to US$211mn - a particularly impressive feat given the retailer's continued commitment to expansion in currently unprofitable