Wolf Money(Delfi Ltd FY2024 results)

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Delfi Ltd reported a 27% drop in net profit to USD $33m. The previously communicated challenges of high cocoa price and USD vs IDR having an ongoing impact on profitability. The company mentioned they are gaining market share in their home market and sales momentum in the first few months of the years looks strong, but it did sound a word of caution on the continued challenges facing the industry. The company has proposed a final dividend of USD 1.18c to be paid in May. At the current dividend rates, the stock is paying close to 6%. More detail at the end of month portfolio update. Thank you. God Bless. 🙏

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All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All information provided are for education only. Buyer beware,do you own due diligence.

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