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Dairy Farm International sees 85% drop in 1H21 earnings to US$17 mil on ongoing Covid-19 headwinds

Atiqah Mokhtar
Atiqah Mokhtar • 3 min read
Dairy Farm International sees 85% drop in 1H21 earnings to US$17 mil on ongoing Covid-19 headwinds
DFI declared an interim dividend of 3 US cents, 40% lower than the 2020 interim dividend.
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Dairy Farm International Holdings (DFI) has reported earnings of US$17 million ($23.1 million) for the 1HFY2021 ended June, an 85% plunge from US$115 million the year before.

This translates to earnings per share (EPS) of 1.24 US cents, compared to 8.53 US cents the year before.

“Ongoing restrictions related to the Covid-19 pandemic imposed by governments across our markets have significantly affected trading in all markets, impacting the Group’s overall performance in the period,” DFI Chairman Ben Keswick said in its results announcement on July 29.

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