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Del Monte reports 14.0% lower earnings of US$25.9 mil for 3QFY2022 on lower gross profit margin

Felicia Tan
Felicia Tan • 3 min read
Del Monte reports 14.0% lower earnings of US$25.9 mil for 3QFY2022 on lower gross profit margin
Barring unforeseen circumstances, the group expects to generate a higher net profit in FY2022.
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Del Monte Pacific (DMPL), the Singapore- and Philippine-listed food and beverage (F&B) company, reported earnings of US$25.9 million ($35.3 million) for the 3QFY2022 ended January, 14.0% lower than earnings of US$30.2 million in the corresponding period the year before.

Revenue during the quarter increased by 4.9% y-o-y to US$659.4 million, driven by higher sales in the US across almost all major categories.

Higher exports of S&W branded premium fresh pineapples also contributed to the revenue growth.

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