However, its Own Brands sales for Indonesia were higher, particularly for its premium products segment, which partially offset the decreased sales in Agency Brands. Higher Own Brand sales was driven by greater promotional investment.
Chocolate maker Delfi Limited (SGX:P34
) has reported lower earnings of US$17 million ($22.04 million) for the 1QFY2025 ended March 31, 2025, down 27.2% y-o-y. The group’s net sales saw a 0.5% y-o-y decline to US$149.8 million for 1QFY2025. However, on a constant currency basis, group net sales increased by 1.5%.
Delfi says that its performance was affected by weaker regional currencies, in particular the Indonesian Rupiah, and the impact from lower sales in its Agency Brands business following decisions by certain agency partners in Indonesia which reduced promotional spending for their products during the period.
