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Dairy Farm’s FY14 profit edges up 2pc

Retail group Dairy Farm posted a 2 percent rise year on year in net profit to USD509 million while sales were up 6 per cent at around USD11 billion.

Underlying profit increased 4 per cent to USD500 million, while underlying earnings per share were 36.98 US cents, up from 35.52 US cents previously. Basic earnings per share were 37.65 US cents, from 37.05 US cents.

Including associates and joint ventures, sales climbed 5 percent to USD13.1 billion, the firm said in its preliminary announcement of results for the year ended Dec 31, 2014.