“2020 was a challenging year for Dairy Farm, with the Covid-19 pandemic impacting the group’s operations and, as a result, its financial results,” says Ben Keswick, chairman of the Jardine Matheson group.
Dairy Farm, the supermarket and convenience store operator under the Jardine Matheson group, announced earnings of US$276 million ($371.4 million) for the FY2020 ended December, 14% lower than earnings of US$321 million for the FY2019.
Accordingly, earnings per share (EPS) for the FY2020 stood 14% lower y-o-y at 20.03 US cents, from 23.93 US cents in the year before.
