Excluding these one-off expenses of US$73.8 million, the group would have generated earnings of US$12 million in FY18.
SINGAPORE (July 27): Del Monte Pacific reported a net loss of US$28.2 million ($38.4 million) in FY2018, versus earnings of US$24.4 million in FY2017.
This was due to the one-off expenses incurred in the closure of two plants belonging to US subsidiary, Del Monte Foods Inc (DMFI), and the write-off of deferred tax assets due to a change in US tax rates.
