$DFIRG USD(D01.SI)$ 📌 DFI Retail - Resilience & Strategic Repositioning📈 Revenue & Underlying ProfitRevenue declined 3% YoY to US$8.87 b in FY2024, impacted by higher tobacco taxes in Hong Kong and the exit from certain underperforming markets. However, underlying profit surged 30% YoY to US$201 m, with EPS rising from US¢11.49 to US¢14.91, reflecting effective cost management and margin recovery.📉 Non‑Trading Charges & Net LossThe group reported a net loss of US$245 m due to US$445 m in non-trading impairments, primarily from goodwill write-downs in Macau and Cambodia, and a fair value loss on its former Robinsons Retail stake. These charges, while non-cash, overshadow an otherwise strong operating performance.📦 Portfolio Simplifica
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