Second-quarter revenue inched up 0.4% to US$558.7 million. Gross profit grew 13% to US$134.1 million on improved gross margin by 270 basis points to 24% mainly due to higher sales of Philippines and S&W fresh pineapples, and lower sales of low-margin businesses in the United States.
SINGAPORE (Dec 9): Del Monte Pacific (DMPL), the Singapore- and Philippine-listed food and beverage company, reversed into the red in the second quarter due to one-off expenses.
In 2QFY2020 ended ended October, DMPL reported a loss of US$37.4 million ($50.9 million). This compared to a profit of US$8.4 million in the year before.
