- DFI Retail Group (SGX:D01) reported its FY22 results, with revenue flat at US$9.2bn. Accounting for a US$177m non-trading items’ loss, overall earnings swung to a loss of -US$121m. Non-trading items was mostly attributed to a US$171m impairment loss in Robinson Retail. Excluding non-trading items, underlying profit was at US$29m, down 72% y-o-y, which was below consensus but in line with our expectations (US$27m).
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
DFI Retail Group – Segmental Review
Grocery retail
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Andy SIM CFA DBS Group Research | Singapore Research Team DBS Research | https://www.dbs.com/insightsdirect/ 2023-03-06
Read also DBS's most recent report:
2023-07-31 DFI Retail Group - Up, Up & Away; Health & Beauty Was The Star.
Previous report by DBS:
2023-04-24 DFI Retail Group - Sum Of The Parts Worth More Than The Whole.
Price targets by 3 other brokers at DFI Retail Target Prices.
Listing of research reports at DFI Retail Analyst Reports.
Relevant links:
DFI Retail Share Price History,
DFI Retail Announcements,
DFI Retail Dividends & Corporate Actions,
DFI Retail News Articles
