Delfi's net profit up 7.8% to US$8.4m in Q1

Thanks to higher profit margins.

Delfi, previously known as Petra Foods, reported a net profit of US$8.4 million for the first quarter. This marks a 7.8% increase excluding exceptional items in the comparative period last yer.

Delfi's first-quarter performance was boosted by higher profit margins, which rose to 31.9% from 30.3% in the comparable quarter.

The group's revenue in Indonesia rose 3.2% to US$75.9 million, while revenue in regional markets dropped 15.3% to US$27.7 million. The group's overall revenue dropped 2.5% to US$103.6 million during the quarter.

Delfi expects that consumers in its markets will continue to face tough economic conditions that will impact consumption across a number of consumer categories, including chocolate confectionery.