Investors in DFI Retail Group (SGX: D01) have a reason to feel despondent. Shares of the pan-Asian retailer have lost a third of their value in the past year and are down nearly 13% year-to-date after touching their 52-week low of US$1.98. DFI Retail Group’s financial numbers, however, paint a different picture. The blue-chip group reported substantial improvement in its underlying net profit with recoveries seen for both its Convenience and Health & Beauty segments. We dig deeper into the retailer’s latest earnings report to determine if its shares can enjoy a rebound this year. Earnings jumped more than five-fold DFI Retail Group released a strong set of earnings for 2023 that saw a sharp rebound in its underlying profit. Revenue stayed flat year on year at US$9.2 billion while the group posted a net profit of US$32 million for the year, reversing the net loss of US$115 million in 2022....