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DFI’s 1HFY2024 underlying profit surges 127% y-o-y to US$76 mil, driven by convenience and food divisions

Khairani Afifi Noordin
Khairani Afifi Noordin • 1 min read
DFI’s 1HFY2024 underlying profit surges 127% y-o-y to US$76 mil, driven by convenience and food divisions
DFI has declared an interim dividend of 3.5 US cents per share, a 17% increase y-o-y. Photo: DFI
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DFI Retail Group has reported underlying profit of US$76 million ($101.7 million) for the 1HFY2024 ended June, up 127% y-o-y.

This is primarily driven by the convenience and food divisions, while associates’ performance also improved due to reduced loss from Yonghui. 

The total 1HFY2024 revenue for the group, including all of associates and joint ventures, declined by 6% y-o-y to US$12.6 billion. This is primarily due to lower sales in Yonghui. 

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