- Delfi’s 2022 net profit of S$43.9m (+49.9% y-o-y) was above expectations, forming 125% of our full-year estimates.
- 2022 revenue increased 19.2% y-o-y as strong sales were recorded for both its business lines during the year. At the same time, gross margin improved 1.2ppt to 30.7%, driven by good performance in the premium product category, higher sales volume and timely cost management.
- - Read this at SGinvestors.io -
Delfi's 2022 results above expectations.
- Delfi (SGX:P34) reported 2022 earnings of US$43.9m (+49.9% y-o-y), accounting for 125% of our full-year forecast. See
- Delfi's announcement dated 27 Feb 2023.
- - Read this at SGinvestors.io -
- Gross profit margin also expanded by 1.2ppt to 30.7%, due to greater contributions from the premium product segment, higher sales volume, and management’s timely cost control measures over both ingredients and packaging costs and operating costs.
Strong double-digit growth across both business lines.
- Read more at SGinvestors.io.
