For the financial year, the group generated a net loss on lower operating results and US$13.3 million of one-off expenses. Its fourth quarter results also included US$11.7 million of one-off expenses at international subsidiary Del Monte Foods, Inc. (DMFI) for severance pay and higher professional fees.
Singapore Exchange Mainboard and Philippine Stock Exchange dual-listed Del Monte Pacific (SGX:D03
) Limited (DMPL) has posted a net loss of US$127.3 million for FY2024 ended April 30, down from a net profit of US$17 million the year prior.
DMPL’s gross profit declined by 30% y-o-y to US$422.2 million on higher costs, while ebitda fell 60% y-o-y to US$133.2 million.
