Sharechat Logo

Delegat Group Limited (NZX: DGL) Interim Results to 31 Dec 2020

Wednesday 24th February 2021

Text too small?

The Group is on target to achieve global case sales for the full year of 3,391,000, up 3% on last year. Based on prevailing exchange rates, the Group forecasts a 2021 Operating Profit result of $67 million, up on last year’s performance by 10%.

A record Operating NPAT of $43.1 million was generated compared to $34.4 million for the same period the previous year. Operating EBIT of $64.5 million is $11.0 million higher than for the same period the previous year.

Delegat achieved Operating Revenue of $172.8 million on global case sales of 1,862,000 in the six month period. Revenue is up $16.1 million on the same period last year due to a 7% increase in global case sales and the favourable impact of market and product mix.

Operating Gross Profit is up 10% on the same period last year. This is due to the increased case sales and favourable impact of market and product mix, which have offset an unfavourable impact of foreign exchange rate changes. Operating expenses (before NZ IFRS adjustments) at $26.3 million are $2.8 million lower compared to the same period in the previous year. This is primarily due to the impact of COVID-19 restrictions in the current year, whereby travel, entertainment and other operating expenses have been restricted in most markets.

Please see the links below for details:

DGL - Interim Results Powerpoint presentation to 31 Dec 2020

DGL - Interim Results to 31 Dec 2020

Source: Delegat Group Limited

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Good Spirits Hospitality Limited (NZX: GSH) Half Year Results to 31 Dec 2020
NZ Automotive Investments Limited (NZX: NZA) FY21 Earnings Guidance
T&G Global Limited (NZX: TGG) 2020 Full Year Results
Vista Group International Limited (NZX: VGL) Vista Group in the Box Seat for the Future of Movies
Private Land and Property Fund (NZX: PLP) Change in Harvest Estimates
Allied Farmers Limited (NZX: ALF) FY21 Half Year Report
New Zealand Rural Land Company Limited (NZX: NZL) Interim Report to 31 December 2020
Seeka Limited (NZX: SEK) Announces its 31 December 2020 Result
Evolve Education Group Limited (NZX: EVO) Announces Results for Year Ended 31 December 2020
Port of Tauranga Limited (NZX: POT) Reports Improved Profits

IRG See IRG research reports