Delfi (SG:P34) has released an update.
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Delfi Limited reported a decline in net sales for the third quarter of 2024, with a 5.5% year-over-year decrease to $117.6 million, impacted by weaker regional currencies and the previous termination of an agency brand. Despite a 10.3% drop in Indonesian sales, regional markets like Malaysia and the Philippines saw a 2.9% increase due to growth in agency brands. The company’s EBITDA also fell by 21.2% for the nine-month period, reflecting reduced sales and lower gross profit margins.
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