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Del Monte Pacific sounds 2Q loss warning

PC Lee
PC Lee • 1 min read
Del Monte Pacific sounds 2Q loss warning
SINGAPORE (Nov 19): Del Monte Pacific is expected to report a loss in its second quarter mainly due to the writedown of assets in the United States.
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SINGAPORE (Nov 19): Del Monte Pacific is expected to report a loss in its second quarter mainly due to the writedown of assets in the United States.

In a stock exchange filing on Tuesday, the food & beverage company aid it will write down assets related to the sale and closure of plants run by its US subsidiary, Del Monte Foods Inc (DMFI).

Del Monte Pacific, which is listed in Singapore and the Philippines, said the writedowns would not impact cash flow.

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