Delfi’s 2HFY2023 earnings decline 14.1% y-o-y to US$21.1 mil, proposes special dividend

Delfi has reported earnings of US$21.1 million ($28.35 million) for its 2HFY2023 ended December, down 14.1% y-o-y.

This is due to higher trade promotions during the year to counter increasing competition as well as to strategically increase investment to strengthen its core brands and build products which the company believes have the strongest growth opportunities.