GLOBAL food and beverage company Del Monte Pacific Ltd. (DMPL) said its net loss in its fiscal first quarter (Q1) that ended July 31 had widened to $34.2 million, from $13.1 million a year earlier, mainly due to unfavorable results from its US subsidiary, Del Monte Foods Inc. (DMFI), and higher interest expenses.
DMPL Chief Operating Officer (COO) Luis Alejandro, however, noted that first-quarter margins "have increased against the fourth quarter, resulting in lower first-quarter losses than the fourth quarter."
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