Dairy Farm's FY21 net profit falls 62%

Singapore

DAIRY Farm International (DFI) reported on Thursday (Mar 3) a decline in net profit for 2021 on the back of lower revenue, with the group's operations continuing to be impacted by the pandemic.

Net profit for the full year ended Dec 31, 2021, fell 62 per cent to US$102.9 million from US$271 million the year before. Sales fell to US$9 billion, down 12.2 per cent from US$10.3 billion a year earlier.