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Dairy Farm reports higher sales, marginal drop in underlying profit

Published on Jul 31, 2014 6:58 PM

SINGAPORE - Dairy Farm International, which owns supermarket chains like Giant and Cold Storage, said its underlying net profit in the first half year fell by 2 per cent to US$224 million.

Sales for the six months ended June 30 rose by 4 per cent to US$5.3 billion.

Dairy Farm said it achieved like-for-like sales growth in most of its major markets, with all divisions reporting higher sales in the first half year.

The health and beauty, home furnishings and restaurants divisions each achieved further growth in sales and profits.

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