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DFI Retail Group reports 1HFY2022 loss of US$52 million, cuts dividend

The Edge Singapore
The Edge Singapore • 2 min read
DFI Retail Group reports 1HFY2022 loss of US$52 million, cuts dividend
The company has cut interim dividend from 3 US cents to 1 US cent
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DFI Retail Group has reported a loss of US$52 million for 1HFY2022, versus earnings of US$32 million, as the pandemic continues to weigh down on its businesses ranging from grocery outlets to supermarkets to F&B.

The company warns that earnings for the current full year ending Dec 2022 will be “materially lower” vs FY2021.

Back in 1HFY2021, the company paid an interim dividend of 3 US cents. It will cut the payout to 1 cent for 1HFY2022.

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