Delfi Ltd

Delfi H1 net profit down 37.7% to US$12.2 million on softer performance in Indonesia

Revenue for H1 is 0.5% down at US$259.6 million, on the back of a softer performance in Indonesia, but largely offset by growth in its regional markets

Despite the gloomier outlook as Delfi braces for "macroeconomic headwinds”, analysts note that its revenue for the first quarter ended March was largely in line with consensus estimates.
BROKER’S TAKE

CGSI downgrades Delfi, cuts target price as high cocoa prices sour sentiment

New figure of S$0.71 is more than 19% less than the previous S$0.88

Growth in regional markets were led by robust own-brands performance in the Philippines, as well as improved agency brands sales in the archipelago and Malaysia, said Delfi.

Delfi’s Q1 Ebitda down 27.2% on weaker regional currencies, trade tensions

High cocoa bean prices are the most significant headwind, and are expected to put pressure on industry earnings

The company's Top chocolate bar. On a constant-currency basis, Delfi said its revenue would have been lower by 3.3 per cent instead of by 7.8 per cent.

Delfi profit dips 22.3% to US$19.6 million 

Confectionery maker’s performance dips on the back of lower sales and currency weakness 

Snack chain Old Chang Kee has outlets in Malaysia, Indonesia, Australia and Britain.

Old Chang Kee among 7 Singapore firms named in Forbes Asia Best Under A Billion list

FAST-FOOD chain Old Chang Kee is one of seven local firms included in Forbes Asia’s new Best Under A Billion list.

Sales in the group's regional markets – Malaysia, the Philippines and Singapore – dropped 2.5 per cent to US$47.2 million in the first quarter, from US$48.4 in the previous year.

Delfi Q1 Ebitda falls 8.5% on lower net sales

The chocolate maker posts a 5.3 per cent dip in its first-quarter net sales to US$150.7 million, from US$159.1 million the year before

Analysts say cocoa processors and chocolate makers may have to reduce operating expenditure or raise prices of their products in a bid to try and offset the spike in cocoa prices.

Cocoa price surge from supply crunch leaving bitter taste for chocolate makers and consumers

COCOA has turned out to be a sweet treat for investors this year, but companies and consumers are reeling from the price surge even as market watchers warn that the commodity might be the latest to se...

The target cut comes after Delfi reported lower-than-expected FY2023 revenue growth and operating margins.

Brokers’ take: RHB cuts Delfi target on narrowing margin amid cocoa price hikes

RHB has lowered its target price for chocolate confectioner Delfi to S$1.33 from S$1.55 after trimming earnings forecasts.

Chocolate manufacturer Delfi has proposed a special dividend of 0.52 US cents, despite a 14.1% decrease in net profit in the six months ended Dec 31, 2023.

Delfi H2 net profit down 14.1%; special dividend proposed on rising confidence, strong net sales

CHOCOLATE confectionery company Delfi on Tuesday (Feb 27) posted a net profit of US$21.1 million for the six months ended Dec 31, 2023, marking a 14.1 per cent decrease from the US$24.5 million booked...