SINGAPORE (March 2): Dairy Farm International Holdings, part of the Jardine group of companies, posted a 10.5% increase in full-year earnings to US$469.0 million ($660 million), from US$424.4 million a year ago.
This was mainly due to improved operating margins in Dairy Farm’s food division and at IKEA, as well as strong contributions from Maxim’s and Yonghui.
Full-year revenue increased marginally by 0.6% to US$11.2 billion, compared to revenue of US$11.1 billion a year ago.
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