Del Monte Pacific posts Q2, H1 losses

By Brix Lelis

Dec 15, 2023 12:22 am

CAMPOS-LED Del Monte Pacific Ltd. (DMPL) incurred a net loss of US$8.5 million in the second quarter of its fiscal year ending in April 2024, reversing the $49.5 million net income booked in the same period last year.

In a disclosure on Thursday, the food and beverage company said the net loss for the second quarter ending October was due to lower operating results and increased interest expense from higher bank loans.

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