Dairy Farm news

09 March 2015
Dairy Farm has announced full year results, posting that its total subsidiaries sales were up 6% to US$11 bn. Highlight figures Sales including associates and joint ventures were up 5% to US$13 bn Underlying profit rose 4% to US$500 mn Net profit saw a growth of 2% to US$509 mn Store expansion continued across all formats with 124 new stores and 238 acquired outlets adde...
02 March 2015
Hero Group, Dairy Farm’s subsidiary in Indonesia, has released its 2014 year-end results, saying that net revenue was up 14% to IDR 13.5tn (USD 1bn) and gross profit rose 9% to IDR 3tn (USD 240mn). However, the business considered that results were " disappointing ", while it described its outlook as " cautiously optimistic ". Rising operating costs underline performance Hero Group indicate...
29 January 2015
New regulation to restrict alcohol consumption recently released in Indonesia. Significant impact on tourist-zone sales According to local reports, low-strength alcohol beverages including beers, spirits and pre-mixed drinks under 5% ABV will be banned in minimarts. The new regulation will be effective not later than the beginning of February. As alcohol products contribute roughly 20% sales ...
26 January 2015
A round up of expansion plans reveals interest of international retailers for this high-growth market. Dairy Farm acquires stake in drugstore format Dairy Farm has acquired a 49% share of local drugstore chain Rose Pharmacy Inc. Benjamin B. Lim, an officer of the Cebu-based Pharmacy retailers confirmed yesterday about the joint-venture of two businesses. A spokesperson for Dairy Farm said, “...
22 January 2015
Retail sales in Asia will soar in Q1 2015, thanks to the peak season of Chinese New Year. According to major retailers in the region, this busy season usually contributes 20% - 40% to their annual revenue. Biggest promotional season of the year The event starts on the 18 February this year. However, retailers are typically preparing themes and activities to promote the season eight weeks i...
19 January 2015
This round up of latest news includes: Giant's expansion plans, Watsons' social media engagement strategy and Tesco's Chinese New Year promotional plans. GCH Retail plans multichannel expansion Dairy Farm's local operations in Malaysia, GCH Retail, plans to open four new Giant hypermarkets in 2015. Competition in this channel is fierce, with Giant, Tesco and AEON competing for customers. ...
13 January 2015
Yonghui posted revenue of RMB36.77 bn (USD6.0 bn) and net profit of RMB851 mn (USD138.8 mn), up by 22.38% and 18.05% year-on-year respectively, in its annual results for 2014. During the year, Yonghui opened 54 new stores, 31 of which were opened in Q4. By January 9, 2015, Yonghui operates 339 stores in China. Yonghui has made a few strategic moves in the past year, which have supported the in...
13 August 2014
As key Indonesian retailers report income decline in H1, we examine the market's rising costs. Sales growth tempered by income decline for Hypermart and 7-Eleven operators In the first half of the year, Matahari Putra Prima, operator of Hypermart stores, saw strong double digit revenue growth, up 18% to IDR 6.4tn. However, in the period net income decline 8% to IDR 203bn. Similarly Mo...
11 August 2014
Pan-Asian retailer Dairy Farm is set to acquire a 19.99% stake in one of China's fastest growing grocery retailers Yonghui, paving the way for collaboration and faster growth. Plans for collaboration Dairy Farm Company has agreed to acquire a 19.99% interest in Yonghui at a cost of  RMB5.69bn (US$925mn). The regulatory approval process needed is expected to take at least six months to c...
01 August 2014
As it reports another mixed performance across its pan-Asian portfolio, Dairy Farm emphasises its investment in stores, infrastructure, supply chain, and people. Group results headlines Sales increased by 5% to US$6.3bn Like for like sales growth in most major markets All divisions reporting sales increase in H1 Underlying profit behind last year Tough challenges for food...