Delfi reports earnings of US$25.2 million for 1HFY2023, guides for better FY2023 over FY2022

 

Delfi has reported earnings of US$25.2 million for its 1HFY2023, up 30.1% y-o-y. Revenue increased by 16.2% y-o-y to US$286.2 million.

 

The chocolate maker attributes the better showing to further sales growth captured by its own brand products, such as SilverQueen and Delfi Premium.

 

For this segment, Delfi generated revenue of US$168.1 million reported for 1HFY2023, up from US$150.8 million.

 

The products sold under other companies' brands did well too, with revenue for this segment up from US$95.4 million to US$118.1 million.

 

Delfi plans to pay an interim dividend of 2.73 cents, up from 2.18 cents.

 

&ldquo We are very encouraged by the growth momentum that has continued from FY2022," says CEO John Chuang.

 

" At mid-year, our 1H 2023 results are better than what we achieved in 1H 2022, so barring unforeseen circumstances and macroeconomic headwinds, we are optimistic about our performance for the full financial year," says Chuang, adding that FY2023 is likely to be better than FY2022.

 

Delfi plans to continue enlarging its core strategic products and drive further growth from its premium brand categories, while putting in ongoing efforts to strengthen its distribution capabilities.