Hong Kong-based retailer Dairy Farm International Holdings has recorded an eight per cent rise in operating profits for the first half of the year.
According to a report by Just-Food, the group posted an operating profit of US$282.8m in the first six months of the year compared with US$253m over the same period in 2011.
The retailer has made significant investment in South East Asia this year including the purchase of a 70 per cent share in a company operating six supermarkets in Cambodia as well as a 50 per cent share in Rustan Supercentres, which operates ten hypermarkets and 22 supermarkets in the Philippines.
The group’s chairman Simon Keswick said: “Despite continuing challenges in the global economy, Dairy Farm is expected to perform satisfactorily in the second half of the year.”
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