Virus crisis to hit Dairy Farm's North Asia earnings

Submitted By:  Staff Reporter Case Study:  No Restaurant earnings fell 30% during the SARS outbreak in 2003. The COVID-19 outbreak is expected to have an impact on Dairy Farm’s North Asia earnings and cloud near-term convenience and restaurant earnings, according to a report by CGS-CIMB. In 2003, during the SARS outbreak, restaurant earnings before interest and tax (EBIT) fell 30% YoY, whilst convenience store EBIT shrank 10% YoY as footfall fell in both formats. read more