Delfi - 2022 Results Above Expectations; Expect A Strong Year Ahead
DELFI LIMITED (SGX:P34)
- 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.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
John Cheong UOB Kay Hian Research | Heidi Mo UOB Kay Hian | https://research.uobkayhian.com/ 2023-03-01
Previous report by UOB:
2023-02-17 Delfi - An Undervalued Leader In Indonesia’s Chocolate Products Market.
Price targets by 2 other brokers at Delfi Target Prices.
Listing of research reports at Delfi Analyst Reports.
Relevant links:
Delfi Share Price History,
Delfi Announcements,
Delfi Dividends & Corporate Actions,
Delfi News Articles
