This comes even as full-year revenue falls 3.3% to US$8.9 billion from US$9.2 billion in the year-ago period
[SINGAPORE] Supermarket and retail store operator DFI Retail Group posted a 29.7 per cent rise in underlying profit to US$200.6 million for its full year ended Dec 31, 2024, from US$154.7 million in the previous corresponding period.
This comes even as full-year revenue fell 3.3 per cent to US$8.9 billion from US$9.2 billion in the year-ago period, said the group in a bourse filing on Monday (Mar 10).
The group’s net loss – comprising its underlying business performance and non-trading items – for the year stood at US$244.5 million, down from a net profit of US$32.2 million in the prior year.
Loss per share stood at US$0.1817 for the period, down from earnings per share of US$0.0239 US a year ago.
The group declared a final dividend of US$0.07 per share, from US$0.05 per share in the corresponding period in 2023. This will be paid on May 14, after books closure on Mar 21.
If approved by shareholders, this would bring the total dividend for the year to US$0.105 per share, up from US$0.08 per share in the year-ago period.
DFI ended Monday flat at US$2.12.
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