Singapore-based confectioner Delfi today (23 February) reported higher annual profits, with its CEO John Chuang expressing optimism about the company seeing further growth this year.
Singapore's Court of Appeal has dismissed a move by Nestle to overturn an earlier ruling in the country that said the company's trademarks on the shape of its Kit Kat bar must be removed.
Singapore-based confectioner Delfi has booked a 55.1% jump in profits for the first nine months of the year, due in part to what the group said was an "exceptional" third-quarter performance which saw EBITDA leap 120.2% over the year-ago period.
Delfi, the Singapore-listed confectioner, today (11 August) posted a rise first-half profits as higher sales of "premium" products, price hikes and a focus on costs offset a decline in revenue, which was dampened by exchange rates.
Delfi, the Singapore-based confectioner formerly known as Petra Foods, is entering into a 50:50 joint venture with South Korean snack and candy manufacturer Orion Corp. to develop and sell a range of joint-branded products in Indonesia.
Singapore-based Delfi Ltd - formerly Petra Foods - has reported higher first-quarter profits despite a fall in sales amid the impact of currency fluctuations and the end of the confectioner's distribution in the country.
- CAGNY analysis: Danone's growth strategy
- How General Mills plans to grow - CAGNY
- US food next wave on display at Winter Fancy Food
- Comment: Meal kits in US - don't believe the hype
- Interview: A2 Milk Co. chair firm's rapid rise
- Unilever launches operational review
- Unilever 'giving serious thought to split'
- Nestle launches global sugar target
- Bonduelle to buy US produce group Ready Pac Foods
- ABF sees further grocery revival