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Delfi in a sweet spot to grow bottom line, analysts say

Samantha Chiew
Samantha Chiew11/18/2019 03:45 PM GMT+08  • 4 min read
Delfi in a sweet spot to grow bottom line, analysts say
SINGAPORE (Nov 18): Analysts believe chocolate confectionery company Delfi is a sweet buy following its positive 3Q19 results.
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SINGAPORE (Nov 18): Analysts believe chocolate confectionery company Delfi is a sweet buy following its positive 3Q19 results.

The group recorded a 47.5% increase in its 3Q19 earnings to US$5.9 million, compared to US$4.0 million in 3Q18, with revenue increasing by 9.2% y-o-y to US$112.2 million.

Breaking down by location of the markets the group operates in, both Indonesia and Regional markets saw improvements of 8.4% and 11.1% y-o-y to US$78.5 million and US$33.7 million, respectively.

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