Del Monte Pacific posts $127-M net loss

By Earl John Alfaro

Jul 02, 2024 12:22 am

GLOBAL food and beverage firm Del Monte Pacific Ltd. (DMPL) posted a $127.3 million net loss for its fiscal year ended April 2024 (FY 2024), reversing from the $17-million profit recorded a year earlier, following higher costs, increased interest expenses, and one-off expenses.

Full-year sales were maintained at $2.4 billion on stable sales in the US and the Philippines, but gross profit fell 30 percent to $422 million, it announced over the weekend.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

IMI restructuring overseas operations

MVP Group firms take full ownership of DigiCo

Golden MV to expand Villar City via P5.2-B deal

GNPD submits lowest bid for Meralco supply

Ayala share offer gets SEC approval

Mabuhay Vinyl hikes Iligan plant's capacity

Shakey's PH to set up wholly-owned US unit