DOCSLIB.ORG

Purchasing Operation System of General Merchandise Store Division a Case Study at Pt Hero Supermarket Tbk

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Purchasing Operation System of General Merchandise Store Division a Case Study at Pt Hero Supermarket Tbk PURCHASING OPERATION SYSTEM OF GENERAL MERCHANDISE STORE DIVISION A CASE STUDY AT PT HERO SUPERMARKET TBK By Gerry Jonathan Prasetya 014201100127 A skripsi presented to Faculty of Business President University In partial fulfillment of the requirements for Bachelor Degree in Economics Major in Management January 2015 i PANEL OF EXAMINERS APPROVAL SHEET The Panel of Examiners declares that the skripsi entitled “PURCHASING OPERATION SYSTEM OF GENERAL MERCHANDISE STORE DIVISION A CASE STUDY AT PT HERO SUPERMARKET TBK” that was submitted by Gerry Jonathan Prasetya majoring in Management from the Faculty of Business was assessed and approved to have passed the Oral Examinations on January 27, 2015. Ir. Erny E. Hutabarat, MBA Chair – Panel of Examiners Ir. Yunita Ismail Masjud, M. Si Examiner I Filda Rahmiati MBA Examiner II ii SKRIPSI ADVISER RECOMMENDATION LETTER This skripsi entitled “PURCHASING OPERATION SYSTEM OF GENERAL MERCHANDISE STORE DIVISION A CASE STUDY AT PT HERO SUPERMARKET TBK” prepared and submitted by Gerry Jonathan Prasetya in partial fulfillment of the requirements for the degree of Bachelor in the Faculty of Business has been reviewed and found to have satisfied the requirements for a skripsi fit to be examined. I therefore recommend this skripsi for Oral Defense Cikarang, Indonesia, January 19, 2015 Acknowledged by, Recommended by, V. Jajat Kristanto SE., MM., MBA Filda Rahmiati MBA Head, Management Study Program Advisor iii DECLARATION OF ORIGINALITY I declare that this skripsi, entitle “ PURCHASING OPERATION SYSTEM OF GENERAL MERCHANDISE STORE DIVISION A CASE STUDY AT PT HERO SUPERMARKET TBK”, is to the best of my knowledge and belief, an original piece of work that has not been submitted, either in the whole or in part, to another university to obtain degree. Cikarang, Indonesia, January 19, 2015 GERRY JONATHAN PRASETYA iv ABSTRACT Through a qualitative research, the focus of this research is to describe the purchasing operation system of General Merchandise Store Division a case study at PT. Hero Supermarket Tbk. The researcher uses the theory from Miles and Huberman model as references to get data analysis for the data verification. For the analysis the researcher uses SWOT analysis theory and Key Performance Indicator analysis. In the retail business environment, there are thousands types of goods to be sold to the market, it raises an issue on the efficiency of the purchasing operation system, certainly the retail company need to have a good purchasing system. The researcher got the conclusion that the purchasing operation system of PT Hero Supermarket Tbk work efficiently since they purchasing operation system has flow chart or standard operating procedure to run their purchasing activity. They used System Applications Products retail system for monitoring inventory from all store and distribution center. Keywords: Purchasing, Retail, General Merchandise Store Products, SWOT Analysis, Key Performance Indicator, PT Hero Supermarket Tbk v ACKNOWLEDGMENT First of all, the greatest gratitude is expressed to my precious God for the blessings, wisdom, and perseverance that He has bestowed upon me to complete and submit this thesis within the short period of time. I would like to thank my beloved family, my inspiration – Papa, Mama, my brother Julius Ryan Karsten and my sisters Agnes Christabella and Kezia Sharon Christabella for their caring, love, and support with care and love throughout my life and the completion of a successful thesis. I believe that without them, I am nothing. An extension of my deepest gratitude goes to PT Hero Supermarket Tbk, for believing in me and in this research. Special thanks to Ms. Yaya as a General Manager of General Merchandise Store Department and also Ms. Elsiana as a Store General Manager of Giant Bintaro. Appreciation in particular is imparted to Mr. Orlando Santos, Mr. Irfan Habsjah, and Ms. Filda Rahmiati whom I regard as the most understanding lecturers in the world. I would surely not have been able to persevere without your strong support and confidence of my capabilities. You have sacrificed a great deal of time for an abundant amount of advice during the writing process. To all the International Business students batch 2011, especially Kartika, Giovanni, Andri, Darren, Jonathan, Nashrullah,ardisa. To all my Viva La Vida entrepreneurship team. To all my first year dorm mate, D5 family. Finally last but not least, to friends whose name cannot be written one by one on this list, I would like to say thank you. vi TABLE OF CONTENTS PANEL OF EXAMINERS ........................................................................................... ii APPROVAL SHEET .................................................................................................... ii SKRIPSI ADVISER .................................................................................................... iii RECOMMENDATION LETTER ............................................................................... iii DECLARATION OF ORIGINALITY ........................................................................ iv ABSTRACT .................................................................................................................. v ACKNOWLEDGMENT .............................................................................................. vi TABLE OF CONTENTS ............................................................................................ vii LIST OF TABLES ........................................................................................................ x LIST OF FIGURE ........................................................................................................ xi LIST OF PICTURES .................................................................................................. xii CHAPTER I ..................................................................................................................1 INTRODUCTION ........................................................................................................1 1.1 Background of Study ......................................................................................1 1.2 Problem Identification ....................................................................................4 1.3 Statement of the Problem ...............................................................................5 1.4 Research Objectives .......................................................................................5 1.5 Definition of Terms ........................................................................................6 1.6 Scope and Limitation ...................................................................................10 1.7 Research Benefits .........................................................................................10 1.7.1 Researcher ..................................................................................................11 1.7.2 President University....................................................................................11 1.7.3 PT. Hero Supermarket Tbk .........................................................................11 1.7.4 Future Research ..........................................................................................11 CHAPTER II ...............................................................................................................12 vii LITERATURE REVIEW ...........................................................................................12 2.1 Supply Chain Management ..........................................................................12 2.1.1 Competitive Advantage within Supply Chain ......................................16 2.1.2 Purchasing .............................................................................................17 2.1.3 Importing ...............................................................................................22 2.2 General Merchandise Store Products ..........................................................24 2.3 Previous Research ........................................................................................26 CHAPTER III .............................................................................................................28 METHODOLOGY .....................................................................................................28 3.1 Research Method ..........................................................................................28 3.1.1 Case Study ..................................................................................................29 3.1.2 Triangulation .........................................................................................30 3.2 Research Framework .........................................................................................31 3.3 Data Analysis ...............................................................................................32 3.3.1 Data Reduction .....................................................................................32 3.3.2 Model Data (Data Display) ...................................................................33 3.3.3 Conclusion Making and Verification ....................................................33 3.3.4 SWOT Analysis ....................................................................................35 3.3.5 Key Performance Indicator ...................................................................35 3.4 Research Instrument .....................................................................................36
Load more

Recommended publications
  • Pipanniversarybrochure.Pdf
    www.jardines.com “ Pride in Performance has enabled us to share and celebrate successes across the Group. Anthony Nightingale ” CONTENTS 2 A Decade of Pride in Performance 3 How it Works 5 5 elements to Success 6 Striving 12 Innovating 20 Collaborating 26 Solving 34 Connecting 45 The Entries A DECADE OF PRIDE IN PERFORMANCE HOW IT WORKs A myriad of achievements have contributed to Jardine Matheson’s success since its From inception, the chief executive officers of each business gave their support and founding in 1832. The content of this booklet, however, considers the Group’s more recent encouragement to the new award programme, getting PIP off to an excellent start. history, and a formalized approach that was launched in 2002 to identify and reward outstanding performances across the Group. In the first three years of PIP, entrants sought recognition as the Grand Prize Winner or one of two runners up. From 2005, five categories were introduced so as to recognize specific Through the Pride in Performance (‘PIP’) annual award programme, Jardines recognizes areas of achievement, from which the Grand Prize Winner is then chosen. individual business units within the Group that embody its core values and translate them into sustained commercial success. In addition to recognition, PIP is designed to share Of the categories, some remained consistent, such as Customer Focus, Marketing those operating company success stories with the larger Group. Excellence and Successful New Venture, while others evolved. Business Turnaround became Business Outperformance as the Group’s operations progressed, and Productivity Using the Group’s core values as criteria for submission – The Right People, Energy, Enhancement evolved into Innovation and Creativity.
    [Show full text]
  • Annual Report 2019 Our Goal: “ to Give Our Customers Across Asia a Store They TRUST, Delivering QUALITY, SERVICE and VALUE.”
    Annual Report 2019 Our Goal: “ To give our customers across Asia a store they TRUST, delivering QUALITY, SERVICE and VALUE.” Dairy Farm International Holdings Limited is incorporated in Bermuda and has a standard listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s businesses are managed from Hong Kong by Dairy Farm Management Services Limited through its regional offices. Dairy Farm is a member of the Jardine Matheson Group. A member of the Jardine Matheson Group Annual Report 2019 1 Contents 2 Corporate Information 36 Financial Review 3 Dairy Farm At-a-Glance 39 Directors’ Profiles 4 Highlights 41 Our Leadership 6 Chairman’s Statement 44 Financial Statements 10 Group Chief Executive’s Review 116 Independent Auditors’ Report 14 Sustainable Transformation at Dairy Farm 124 Five Year Summary 18 Business Review 125 Responsibility Statement 18 Food 126 Corporate Governance 22 Health and Beauty 133 Principal Risks and Uncertainties 26 Home Furnishings 135 Shareholder Information 30 Restaurants 136 Retail Outlets Summary 34 Other Associates 137 Management and Offices 2 Dairy Farm International Holdings Limited Corporate Information Directors Dairy Farm Management Services Limited Ben Keswick Chairman and Managing Director Ian McLeod Directors Group Chief Executive Ben Keswick Clem Constantine Chairman (joined the Board on 11th November 2019) Ian McLeod Neil Galloway Group Chief Executive (stepped down on 31st March 2019) Clem Constantine Mark Greenberg Chief Financial Officer (joined the board on 19th November 2019) George J. Ho Neil Galloway Adam Keswick Group Finance & IKEA Director (stepped down on 31st March 2019) Simon Keswick (stepped down on 1st January 2020) Choo Peng Chee Chief Executive Officer – North Asia Michael Kok & Group Convenience (stepped down on 8th May 2019) Sam Kim Dr Delman Lee Chief Executive Officer – Health & Beauty and Chief Marketing & Business Development Officer Anthony Nightingale Martin Lindström Y.K.
    [Show full text]
  • Dairy Farm International Holdings Limited
    Annual ReportAnnual 2017 Dairy Farm International Holdings Limited Annual Report 2017 Our Goal : “To give our customers across Asia a store they TRUST, delivering QUALITY, SERVICE and VALUE” Dairy Farm International Holdings Limited is incorporated in Bermuda and has a standard listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s businesses are managed from Hong Kong by Dairy Farm Management Services Limited through its regional offices. Dairy Farm is a member of the Jardine Matheson Group. A member of the Jardine Matheson Group Contents 2 Corporate Information 3 Dairy Farm At-a-Glance 4 Highlights 6 Chairman’s Statement 8 Group Chief Executive’s Review 12 Feature Stories 16 Business Review 16 Food 22 Health and Beauty 26 Home Furnishings 30 Restaurants 34 Financial Review 37 Directors’ Profiles 39 Our Leadership 42 Financial Statements 100 Independent Auditors’ Report 108 Five Year Summary 109 Responsibility Statement 110 Corporate Governance 117 Principal Risks and Uncertainties 119 Shareholder Information 120 Retail Outlets Summary 121 Management and Offices Annual Report 2017 1 Corporate Information Directors Dairy Farm Management Services Limited Ben Keswick Chairman and Managing Director Ian McLeod Directors Group Chief Executive Ben Keswick Neil Galloway Chairman Mark Greenberg Ian McLeod Group Chief Executive George J. Ho Neil Galloway Adam Keswick Group Finance Director Sir Henry Keswick Choo Peng Chee Regional Director, North Asia (Food) Simon Keswick Gordon Farquhar Michael Kok Group Director, Health and Beauty Dr George C.G. Koo Martin Lindström Group Director, IKEA Anthony Nightingale Michael Wu Y.K. Pang Chairman and Managing Director, Maxim’s Jeremy Parr Mark Greenberg Lord Sassoon, Kt Y.K.
    [Show full text]
  • Press Release Ahold to Divest Its Indonesian Operation to Hero
    Press Release Royal Ahold Public Relations Date: April 29, 2003 For more information: +31 75 659 57 20 Ahold to divest its Indonesian operation to Hero Zaandam, The Netherlands, April 29, 2003 – Ahold hereby announces that it has reached agreement for the sale of its Indonesian operation to PT Hero Supermarket Tbk for approximately Euro 12 million, excluding proceeds from the sale of store inventory. This asset purchase agreement is subject to the approval of Hero’s shareholders and is expected to be finalized in the third quarter of 2003. Hero is a prominent food retail group listed on the Jakarta stock exchange with 200 outlets throughout Indonesia. The transaction involves 22 stores plus one under construction, and two distribution centers. The actual transfer of the stores and both distribution centers will take place following the approval of Hero shareholders. Staff at Ahold’s Indonesian headquarters are not included in the transaction, although Ahold is committed to meeting its obligations to these associates. The divestment of Ahold’s activities in Indonesia is part of the company’s strategic plan to restructure its portfolio to focus on high-performing businesses, to concentrate on its mature and most stable markets and to reduce its debt. Ahold first entered the Indonesian market through a technical service agreement with the PSP group in 1996. That agreement ended in 2002 and Ahold Tops Indonesia became a wholly-owned subsidiary. Unaudited net sales in 2002 amounted to approximately Euro 37 million. Ahold employs approximately 1,600 people in Indonesia. Ahold Corporate Communications: +31.75.659.5720 ------------------------------------------------------------------------------------------------------------------------------------------------------------ Certain statements in this press release are “forward-looking statements” within the meaning of U.S.
    [Show full text]
  • Overseas Packaging Study Tour VAMP.006 1996
    Overseas packaging study tour VAMP.006 1996 Prepared by: B. Lee ISBN: 1 74036 973 4 Published: June 1996 © 1998 This publication is published by Meat & Livestock Australia Limited ABN 39 081 678 364 (MLA). Where possible, care is taken to ensure the accuracy of information in the publication. Reproduction in whole or in part of this publication is prohibited without the prior written consent of MLA. MEAT & LIVESTOCK AUSTRALIA CONTENTS 1.0 EXECUTIVE SUMMARY ............................................ 1 2.0 BACKGROUND .................................................... 4 3.0 THE INTERNATIONAL STUDY TOUR .............. .................. 6 3.1 Objectives of the International Study Tour ................................. 6 3.2 Study Tour Itinerary and Dates .......................................... 6 3.3 The Study Team ...................................................... 6 4.0 SUMMARY OF SITE VISITS ......................................... 7 4.1 Taiwan ............................................................. 7 4.2 Hong Kong .......................................................... 8 4.3 France .............................................................. 9 4.4 Holland ............................................................ l 0 4.5 United Kingdom ..................................................... 13 4.6 Canada ............................................................ 15 4.7 Summary Comments of Site Visits by Study Group ......................... 17 5.0 KEY FINDINGS FROM THE STUDY TOUR ....... .................... 18 5.1
    [Show full text]
  • Matahari Putra Prima (MPPA IJ)
    Indonesia Initiating Coverage 6 July 2021 Consumer Non-cyclical | Retail - Staples Matahari Putra Prima (MPPA IJ) Buy The Rising Phoenix; Initiate BUY Target Price (Return): IDR1,750 (+50%) Price: IDR1,170 Market Cap: USD606m Avg Daily Turnover (IDR/USD) 81,591m/5.66m Initiate coverage with a BUY and IDR1,750 TP, 50% upside. Matahari Putra Analysts Prima’s recent revamping of initiatives should help to transform its business and keep it ahead of competitors. A strong focus on digital initiatives – particularly Indonesia Research Team the collaboration with Indonesia’s largest technology group GoTo – will likely +6221 5093 9888 lead to greater monetisation from the e-groceries trend. Our SOP-based TP is [email protected] derived from 1.7x 2023F P/S (fresh products) and 11.0x 2023F EV/BITDA (non- fresh products). Possible additional investment from GoTo is a likely catalyst to its share price. Michael Setjoadi Internal business transformation on the cards. The company aims to strongly +6221 5093 9844 [email protected] focus on expanding sales of its fresh products. We are positive on this strategy given less intense competition in the segment and this strategy may work well, supported by its strong merchandising programme (ie partnership with Disney), Marco Antonius Indonesian Ulama Council’s (MUI) halal assurance system (HAS) and strong +6221 5093 9849 logistics facilities. The company will also continue its expansion with a new, [email protected] smaller efficient yet modern hypermarket format, yielding better productivity and efficiency. This should help MPPA penetrate into residential areas, as well as Tier II and III cities.
    [Show full text]
  • 200 Leading Retailers in Asia
    200 Leading Retailers in Asia . Showcasing the very best in retail innovation across Asia from hypermarkets to convenience retail made with Introduction Thank you for downloading this eBook featuring 200 of the most exciting & innovative retailers in Asia. We've spent weeks speaking with our community and researching across the web to bring you this list, and we hope that you nd it useful & interesting. This is by no means a denitive resource, but more an opportunity to spark a discussion. Which retailers would make your top 200? Which countries do you see as the biggest opportunity for retail? Which categories excite you the most? How will this list change as e-commerce continues to grow? We'd love to hear your thoughts. Seamless Asia We were inspired to put this list together ahead of our Seamless Asia conference and exhibition, running on 2nd-4th May 2018 at Suntec Convention Centre here in Singapore. Over the years we've seen so many phenomenal retailers take the stage to present their challenges and their visions for the future of retail. Through this eBook we wanted to honour many of those businesses, as well as showcase some of those who we hope will join us in the future to share their stories. We would love to see you and your team at the show in May, as we come together to celebrate the very best in Asian retail, and look ahead to the seamless future of commerce throughout the region. Best wishes Oliver Arscott & Team Seamless Key Statistics Category Statistics First let's take a look at categories.
    [Show full text]
  • Profil Perusahaan Company Profile
    04 Profil Perusahaan Company Profile PT Hero Supermarket Tbk 32 33 Laporan Tahunan 2019 | Annual Report 2019 Ikhtisar Kinerja 2019 Informasi Saham Laporan Manajemen Profil Perusahaan 2019 Performance Overview Stock Information Management Reports Company Profile Identitas Perusahaan Company Identity Nama Perusahaan Company Name Situs Resmi Perusahaan Company Official Sites PT Hero Supermarket Tbk www.hero.co.id www.herosupermarket.co.id www.guardianindonesia.co.id Perubahan Nama Perusahaan Change of Company www.giant.co.id Sebelumnya Perseroan bernama PT Hero Mini www.IKEA.co.id Supermarket, kemudian berganti nama menjadi PT Hero Supermarket per Rapat Umum Facebook Pemegang Saham tanggal 7 Juni 1991. Hero Infoodtainment, Previously named PT Hero Mini Supermarket, Guardian Indonesia, the Company changed its name to PT Hero Giant Indonesia Supermarket as of the General Meeting of IKEA Indonesia Shareholders dated 7 June 1991 Hero Peduli Twitter Alamat Kantor Pusat Head Office Address Herosupermarket Graha Hero, CBD Bintaro Sektor 7 Blok B7/ GuardianID A7 Pondok Jaya, Pondok Aren, Tangerang GiantIndo Selatan, 15224, Indonesia. IKEA_Ind Graha Hero, CBD Bintaro Sektor 7 Blok B7/A7 Pondok Jaya, Pondok Aren, Tangerang Selatan, Instagram 15224, Indonesia Herosupermarket giant_indonesia Alamat Kontak Contact Address guardianindonesia Sekretaris Perusahaan, Graha HERO Lantai 4, IKEA_id CBD Bintaro Sektor 7 Blok B7 / A7, Pondok hero.peduli Aren, Tangerang Selatan, 15224, Indonesia Corporate Secretary, Graha HERO 4th Floor, Tanggal Pendirian Date of
    [Show full text]
  • SOCIAL CAPITAL At
    Social Partnership in the Making: TRUST, RECIPROCITY &SOCIAL CAPITAL at SERIKAT PEKERJA PT. HERO SUPERMARKET Tbk. A Social Partnership in the Making – Trust, Reciprocity and Social Capital at Hero ADDRESS OF MINISTER OF MANPOWER AND TRANSMIGRATION REPUBLIC OF INDONESIA Industrial relations is very much related to inter-action amongst people in different work places. If it was not managed well and harmoniously, it could create problems for workers and employers in work places. Should the case be so, the economic impact arising out of it, in terms of foreign capital and investment would be negative. Indonesia,as a member of the ILO that concerns with the importance of harmonious industrial relations, has ratified the ILO Convention number 87 on the Freedom Association and the Protection of the Right to Organize and made the implementing regulations for the establishment of the worker/labor organizations and provide freedom for their activities according to the current legislations. This means that all activities undertaken should look into standard ethics policies, transparent and flexible, as to maintain the nation credibility are the responsibilities of all citizens including labor unions/trade unions. The basic principles of trust, partnership, and interaction between workers and employers are very much needed in creating harmonious industrial relations in a company. Those principles will only be achieved if both parties have mutual good will. It should be felt that only by doing so, workers and employers could increase their productivity and company progress which eventually would lead to a better social welfare for workers and their families. A Social Partnership in the Making – Trust, Reciprocity and Social Capital at Hero i The business world plays an even more important and strategic role in the national economy, now and in the future.
    [Show full text]
  • Chapter 4. a Cold Chain Study of Indonesia
    Chapter 4 A Cold Chain Study of Indonesia PT Capricorn Indonesia Consult September 2019 This chapter should be cited as PT Capricorn Indonesia Consult (2019), ‘A Cold Chain Study of Indonesia’, in Kusano, E. (ed.), The Cold Chain for Agri-food Products in ASEAN. ERIA Research Project Report FY2018 no.11, Jakarta: ERIA, pp.101-147. Chapter 4 A Cold Chain Study of Indonesia PT Capricorn Indonesia Consult 4.1. Introduction Background The cold chain system is a type of supply chain wherein the process aims to maintain temperature so that the product is maintained during the distribution process. An important factor in maintaining cold chain products is the correct treatment in each of the main distribution points in the cold chain so that the right distribution channels will provide good quality of cold chain products. The application of cold chains requires the provision of several facilities, both in the storage and distribution process. In the storage process, it is needed to have, among others, cold storage and freezing machines, while in the distribution process, it is necessary to have refrigerated transportation fleets (carriers, aircraft and vehicles). Cold chain business is a major supporter of various industrial sectors such as the food processing industry, fishing industry, retail network, pharmaceutical industry and so on. Indonesia is considered to have a potential market for cold chain business. This is supported by the user industrial sector, which shows fairly good development. The user industrial sectors such as livestock, fisheries, processed food and chemical, pharmaceutical and drug industries are still an important key for national development, and this can be seen from its contribution to Indonesia’s gross domestic product (GDP) during 2018.
    [Show full text]
  • RELEASE 20 February 2012
    PRESS RELEASE 22 February 2013 PT HERO SUPERMARKET TBK 2012 RESULTS • Trading performance continued to improve in challenging market • Opened 97 new stores including 7 new Giant hypermarkets PT Hero Supermarket Tbk (“the Company”) today announced its audited annual results for the year ended 31 December 2012. Sales grew by 17.4% to Rp 10,510 billion, whilst net income grew by 10.7% to Rp 303 billion. Excluding the pre-opening costs of IKEA, net income has increased by 15.2% over last year as a result of better trading performance. However, aggressive expansion has increased the level of borrowings and thus interest expense in 2012. President Director of the Company, Philippe Broianigo, said “I am pleased to note that we performed reasonably well in 2012 despite a challenging operating environment. We had and will continue to focus in driving productivity improvement both in sales and costs. New stores roll out was at record level last year and we can expect the trend to continue. I am also very pleased that we are currently supporting and working with 66 schools across Indonesia under our One Store One School program and we will continue to expand this program as we open more stores in the future”. PT Hero Supermarket Tbk has more than 15,000 employees serving its customers in 605 stores. As at 31 December 2012, the Company operated 46 Giant hypermarkets, 142 Hero and Giant supermarkets, 266 Guardian health and beauty stores and 151 Starmart convenience stores. End. For further information contact: Philippe Broianigo, President Director Lai Saye Chuan, Director PT Hero Supermarket Tbk Tel: 8378 8388 Fax: 831 7764 PT.
    [Show full text]
  • Dairy Farm July 30Th 2015.Pdf
    To: Business Editor 30th July 2015 For immediate release The following announcement was issued today to a Regulatory Information Service approved by the Financial Conduct Authority in the United Kingdom. DAIRY FARM INTERNATIONAL HOLDINGS LIMITED HALF-YEARLY RESULTS FOR THE SIX MONTHS ENDED 30TH JUNE 2015 Highlights Sales of continuing businesses up 3%, and at constant rates of exchange up 7% Underlying profit 14% lower Continuing margin weakness in Food despite sales growth Investment in Yonghui Superstores in China completes Acquisition of San Miu supermarkets in Macau “While sales have been broadly positive across most businesses, margin pressures continue to impact the financial performance of the Food business. The Group’s results were impacted further by adverse exchange rate movements. We are pleased to have completed the investments in Yonghui and in San Miu. We are focusing on delivering a clear value proposition to our customers as part of our modern retail offering, and we remain well positioned to take advantage of our regional footprint, our competitive position in key markets and our strong financial position.” Ben Keswick Chairman Results (unaudited) Six months ended 30th June 2015 2014 Change US$m US$m % Sales - subsidiaries 5,593 5,299 +6 - including associates and joint ventures+ 8,011 6,312 +27 Underlying profit attributable to shareholders* 193 224 –14 Profit attributable to shareholders 192 234 –18 US¢ US¢ % Underlying earnings per share* 14.25 16.56 –14 Basic earnings per share 14.16 17.28 –18 Interim dividend per share 6.50 6.50 - + on a 100% basis. * the Group uses ‘underlying profit’ in its internal financial reporting to distinguish between ongoing business performance and non-trading items, as more fully described in note 7 to the condensed financial statements.
    [Show full text]