Delfi announced their 1H2022 Financial Results on 10th August 2022. The company has declared an Interim Dividend of 1.58 US cents (2.18 Singapore cents) per share. This was Delfi’s highest Interim Dividend declared since 2014, the year after divesting the cocoa business.
If you are not familiar with Delfi, the company markets and distributes its own brand of chocolate confectionery products in its core markets of Indonesia, Philippines, Singapore and Malaysia.
Currently, Delfi makes up 4.16% of my stock porfolio. This is after I increased my stake in Delfi in July 2022.
How has Delfi fared among current global inflationary pressures? Let us look at its 1H2022 Financial Results below.
Delfi 1H2022 Financial Results
Revenue increased 17.0% Y-o-Y to US$246.3 million. This signals a recovery and return to pre- COVID-19 levels.
In line with higher revenue, gross profit rose 18.8% Y-o-Y to US$72.5 million in 1H2022, with gross profit margin coming in 0.4 percentage point higher at 29.4%....