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Delfi Limited reports 6% lower EBITDA of US$18.0 mil in 1Q business update

Felicia Tan
Felicia Tan5/18/2021 6:10 PM GMT+08  • 2 min read
Delfi Limited reports 6% lower EBITDA of US$18.0 mil in 1Q business update
Delfi says it remains “cautiously optimistic” that its performance in the FY2021 should be better compared to the FY2020.
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Delfi Limited has reported EBITDA of US$18.0 million ($24.0 million) for the 1QFY2021 ended March, 6.0% lower than EBITDA of US$19.1 million in the 1QFY2020, as a result of lower sales and gross margins.

The “encouraging” results for the quarter reflects the ongoing recovery for the company since the 3QFY2020, says the company in its business update for the 1QFY2021.

This was mitigated partly by lower operating expenses.

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