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Home / Capital / Results

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

Results

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

Felicia Tan Published on Tue, May 18, 2021 / 6:10 PM GMT+8

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.