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More time needed for Dairy Farm's restructuring to show results

Samantha Chiew
Samantha Chiew3/4/2019 02:58 PM GMT+08  • 3 min read
More time needed for Dairy Farm's restructuring to show results
SINGAPORE (Mar 4): Analysts are keeping a neutral stance on Dairy Farm, a member of the Jardine Matheson Group, following its FY18 results announcement.
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SINGAPORE (Mar 4): Analysts are keeping a neutral stance on Dairy Farm, a member of the Jardine Matheson Group, following its FY18 results announcement.

Dairy Farm posted a 4% rise in sales to US$11.7 billion while underlying profit rose 5% to US$424 million. Net non-trading charge totalled US$332 million, which included a US$453 million restructuring charge for the Food business in Southeast Asia but was partially offset by a net gain of US$121 million principally in relation to business and property disposals.


See: Jardine Strategic and Jardine Matheson report lower FY18 earnings of US$1.84 bil and US$1.73 bil

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