In line with lower earnings, the company will be cutting its dividend, proposing a final dividend of 6.5 US cents, bringing the full year payout to 9.5 US cents.
Dairy Farm International has reported earnings of US$103 million for FY2021 ended Dec 2021, down two thirds over FY2020.
Revenue for FY2021 was down 12% to US$9.015 billion. If total sales of its joint ventures and associates are added, that’s US$27.7 billion, down 2% over FY2020.
