This was driven by lower y-o-y sales in Indonesia and regional markets by 6.6% and 2.5% respectively.
Delfi has reported lower earnings for the 1QFY2024 ended Mar 31, 2024 of US$23.3 million ($31.40 million), a 8.5% y-o-y decline on the back of consolidated net sales.
The group’s net sales saw a 5.3% y-o-y decline to US$150.7 million due to the decision to reduce and refocus on spending on trade promotions, combined with weakness in regional currencies against the US dollar.
