Strong sales in its Health and Beauty segment was offset by lower contributions from other divisions. Within its home market of Hong Kong, the group saw reported and LFL sales down by approximately 2% y-o-y or stable when excluding the impact of cigarette tax.
DFI Retail Group has reported an underlying profit which declined 18% y-o-y for 1QFY2025 ended March 31, following the divestment of Yonghui which contributed US$23 million in earnings the prior year. Including Yonghui, underlying profit increased 28% y-o-y in 1QFY2025.
The group says that for the quarter, underlying subsidiary sales, excluding the impact of cigarette tax and the divestment of Hero Supermarket in Indonesia, was 1% y-o-y lower.
