Delfi's profit falls 44% for Q3
DELFI posted a 44.1 per cent drop in net profit for the third quarter to US$3.3 million from US$5.9 million
The mainboard-listed chocolate confectionery company, formerly known as Petra Foods, saw revenue rise 1.5 per cent to US$87.9 million which saw the group snap two consecutive quarters of revenue decline with growth driven by Own Brands sales in Indonesia, its primary market.
Earnings per share for the three months to September came in at 0.54 US cent versus 0.97 US cent a year ago.
No dividend was declared for the period, unchanged from the previous period.
For the nine-month period, Delfi's net profit fell 19 per cent to US$18.2 million on the back of a 5.1 per cent drop in revenue to US$281.2 million.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Gold edges down as Middle East worries ebb
Tesla could start selling Optimus robots by the end of next year, Musk says
Singapore stocks climb at Wednesday’s open; STI up 0.4%
China knockoff raid jolts a global throng of fake-fashion influencers
Singapore-based Amazon execs feel the brunt of job cuts
MPACT posts 1.8% higher Q4 DPU of S$0.0229