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Delfi’s 4Q16 earnings surge more than fourfold on record margins

PC Lee
PC Lee2/23/2017 06:57 AM GMT+08  • 1 min read
Delfi’s 4Q16 earnings surge more than fourfold on record margins
SINGAPORE (Feb 23): Delfi, the distributor of chocolate confectionery products, reported 4Q16 earnings surged more than fourfold to US$3.7 million ($5.2 million) from a year ago, lifted by a record profit margins of 38.4%.
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SINGAPORE (Feb 23): Delfi, the distributor of chocolate confectionery products, reported 4Q16 earnings surged more than fourfold to US$3.7 million ($5.2 million) from a year ago, lifted by a record profit margins of 38.4%.

For the full FY16, Delfi swung back to profitability with earnings of US$26.2 million on a five percentage point increase in margins despite a 0.6% fall in revenue to US$402.1 million.

4Q16 revenue rose 5.6% to US$105.6 million on the back of a 4.5% rise in revenue from sales in Indonesia to US$76.4 million while sales from regional markets rose 9.5% to US$29.2 million.

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