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Del Monte back in the black with $3.5 million in 3Q19 earnings on higher margins

Michelle Zhu
Michelle Zhu • 2 min read
Del Monte back in the black with $3.5 million in 3Q19 earnings on higher margins
SINGAPORE (Mar 8): Del Monte Pacific has announced a net profit of US$2.6 million ($3.5 million) for the 3Q ended Jan, turning around from the US$38.4 million loss a year ago due to improved margins
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SINGAPORE (Mar 8): Del Monte Pacific has announced a net profit of US$2.6 million ($3.5 million) for the 3Q ended Jan, turning around from the US$38.4 million loss a year ago due to improved margins

Excluding one-off items, the group would have registered a 3Q net income of US$3 million, down 11.2% from US$3.4 million a year ago due to the change in the US tax rate.

EBITDA grew 13% to US$39.7 million from US$35.1 million a year ago, although without the one-off expenses related to plant closures in the US, its recurring EBITDA would have been US$40.6 million versus US$46.4 million a year ago.

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