5 Singapore Stocks Warren Buffett Will Feel Comfortable Buying: Delfi Ltd

Delfi manufactures and sells branded consumer products such as confectionaries and chocolates.

The group has an established portfolio of well-known brands such as SilverQueen and Ceres and distributes its products in countries such as Indonesia, Malaysia, and the Philippines.

Delfi posted a strong set of earnings for 2022 with revenue climbing 19.2% year on year to US$483 million.

Net profit jumped nearly 50% year on year to US$43.9 million.

A total dividend of US$0.043 was paid out in 2022, representing a nearly 52% year on year increase.

Delfi will carry on investing in building and growing its brands and introduce products in the healthy snacking category to target younger consumers.