Delfi’s Q3 earnings fall 26.1% YoY to US$8.8m amidst sales decline

Net sales fell to US$117.6m.

Delfi's earnings dropped by 26.1% YoY to US$8.8m in Q3 2024 on lower net sales.

Net sales declined 1.8% YoY to US$117.6m, dragged by the Indonesia market.

Indonesia reported a 4.6% YoY decline in sales to US$70.5m.

The company cited weaker regional currencies, notably the Indonesian Rupiah, and the termination of an agency brand in Q3 2023 as factors impacting its performance.

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