This company will certainly ring a bell for those who’ve been keeping an eye on the movers on the Singapore exchange. 

Our guest for today is DFI Retail Group, or a leading pan-Asian retailer that owns the Cold Storage and Giant chains of supermarkets, Guardian pharmacies and 7-Eleven convenience stores here in Singapore.

At a group level, DFI Retail operates over 10,500 outlets in 13 countries and territories and has a workforce of over 216,000 people. 

It returned to the black with a net profit of US$8 million for the first half of this year, after logging a net loss of US$58 million in the previous year. 

But to what extent does this reflect improved household spending, particularly on food and groceries? 

On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Yoep Man, Managing Director, Food, Singapore, DFI Retail Group,  who is in charge of DFI Retail Group’s food and supermarket business.