On a constant currency basis, 3QFY2024 net sales fell by 1.8% y-o-y while net sales in Indonesia fell by 4.6% y-o-y. Regional markets would have seen a 3% y-o-y increase.
Delfi Limited has reported net sales of US$117.6 million ($157.3 million) for the 3QFY2024 ended Sept 30, 5.5% lower y-o-y. The lower net sales were due to a 10.3% y-o-y decline in Indonesian net sales of US$70.5 million and slightly mitigated by a 2.9% y-o-y increase in regional markets sales of US$47.1 million.
According to Delfi in its Nov 12 release, the lower net sales stemmed from the impact of weaker regional currencies, particularly the Indonesian rupiah, as well as the impact from the termination of an agency brand in the 3QFY2023.
