Dairy Farm International has posted mixed results in Q1, with sales slightly lower than the same comparable period in 2016.
Trading conditions steady...
For the first quarter, Dairy Farm has reported increases in sales and operating profits for their divisions and associates; Health & Beauty, Home Furnishings, Maxim's and Yonghui associated. However, this was offset by weak sales in their Food Division, particularly in the Southeast Asia markets.
Sales were also lower than expected during Chinese New Year, which impacted operating profits. Nonetheless, overall earnings for the Group are slightly ahead of prior year, with the market unlikely to move-away from current trading conditions.