Analysts have mixed sentiments on supermarket and convenience store operator Dairy Farm as the company on July 29 recorded that 1H20 earnings have dropped by 35% to US$115 million ($158.3 million) from US$178 million in 1H19.

Stripping off the one-offs, underlying earnings for 1H20 was US$105 million, 40% lower than US$177 million in 1H19.

Revenue for the first half of the financial year came in at US$5.2 billion, 9% lower than US$5.8 billion in the previous year.

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