5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

DALI Everyday Grocery operator widens net loss

by
June 30, 2024
in Stock
0
DALI Everyday Grocery operator widens net loss
DALI EVERYDAY GROCERY FACEBOOK PAGE

HARD DISCOUNT Philippines, Inc. (HDPI), the corporate entity behind the DALI discount grocery chain, reported a widened net loss in 2023 primarily due to increased operating expenses.

According to the company’s regulatory filing, HDPI recorded a net loss of P1.88 billion in 2023, marking a 110% increase from the P894.68-million loss in the previous year.

Despite the expanded net loss, HDPI achieved a revenue of P22.31 billion in 2023, a 141% surge compared to P9.27 billion in the prior year, driven by higher sales.

Operating expenses jumped by 255% to P3.01 billion in 2023 from P850.39 million in 2022, mainly attributed to increased expenditures on salaries, wages, and benefits.

As of the end of 2023, HDPI accumulated losses totaling P3.26 billion, resulting in a capital deficit of P1.29 billion for the same period.

It also disclosed that P4.67 billion worth of additional capital was infused by stockholders as of end-2023.

HDPI is a wholly owned subsidiary of HDPM Sin Pte. Ltd., a foreign company incorporated under Singaporean law. The ultimate parent of HDPI and HDPM Sin is Switzerland-founded Dali Discount AG.

“The company forecasts that profit margins will improve over the next five years resulting from the implementation of cost efficiency measures,” HDPI said.

“Management believes that with the planned increase in equity, the commitment of and continued financial support from the parent company and the projected improvement in net profit margin, the company will be able to generate sufficient cash flows from its operations to meet its obligations as and when they fall due,” it added.

In March, Singapore-based growth equity firm Venturi Partners announced a $25-million investment to fund the expansion of DALI.

DALI seeks to have up to 950 stores across the Philippines by yearend. — Revin Mikhael D. Ochave

Previous Post

T-bill, bond rates may be mixed on BSP cut bets

Next Post

Monetary easing and the inflationary pressure from rice supply shortfall

Next Post
Monetary easing and the inflationary pressure from rice supply shortfall

Monetary easing and the inflationary pressure from rice supply shortfall

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Manufacturing PMI expands in June

    Manufacturing PMI expands in June

    July 1, 2025
    Infrastructure spending declines by 28% in April

    Infrastructure spending declines by 28% in April

    July 1, 2025
    More domestic borrowings eyed to fund wider deficit

    More domestic borrowings eyed to fund wider deficit

    July 1, 2025
    Marcos directs SEC to reduce transaction costs

    Marcos directs SEC to reduce transaction costs

    July 1, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.