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Del Monte Pacific swings back to profitability in 3Q with earnings of $12.1 mil

PC Lee
PC Lee • 2 min read
Del Monte Pacific swings back to profitability in 3Q with earnings of $12.1 mil
SINGAPORE (March 10): Del Monte Pacific reported 3Q earnings of US$8.5 million ($12.1 million), a turnaround from the net loss of US$4.8 million from a year ago.
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SINGAPORE (March 10): Del Monte Pacific reported 3Q earnings of US$8.5 million ($12.1 million), a turnaround from the net loss of US$4.8 million from a year ago.

Without the one-off items, the group says it would have posted earnings of US$11.6 million, more than five times higher than last year’s recurring net income of US$2.1 million.

Revenue for the three months ended January was slightly higher at US$604 million as higher Asia sales offset lower US sales.

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