DFI says it will continue to keep costs down. As at March 31, the company holds a net cash balance of US$56 million.
Driven by strong performances in its health & beauty and home furnishing segments, DFI Retail Group has reported a 12% y-o-y growth in its continuing businesses for the first quarter this year.
Coupled with "disciplined" cost control and lower financing costs, the company managed to improve its underlying profit from its continuing businesses by 49% y-o-y in the same period. Underlying sales, excluding cigarettes, was up 4% y-o-y on a constant currency basis.
