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DFI Retail reports overall loss of US$244.5 mil for FY2024 from divestments and impairments

Nicole Lim
Nicole Lim • 2 min read
DFI Retail reports overall loss of US$244.5 mil for FY2024 from divestments and impairments
Not withstanding these losses, the group’s underlying profit attributable to shareholders for the period came in higher at US$200.6 million. Photo: DFI
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DFI Retail Group has reported a loss of US$244.5 million ($325.41 million) for FY2024 ended Dec 31, 2024, a reversal from the US$32.2 million in earnings reported in the same period a year ago. 

The group’s reported results were impacted by non-trading losses attributable to shareholders of US$445 million. This was due to a loss of US$114 million which is associated with the divestment of Yonghui, a US$231 million impairment of interest in Robinsons Retail and US$133 million goodwill impairment of Macau and Cambodia Food businesses. 

The group’s underlying profit attributable to shareholders for FY2024 stood at US$200.6 million, up from the US$155 million reported in FY2023. 

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