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Del Monte Pacific reports 57% fall in FY17 earnings to US$24.4 mil

Samantha Chiew
Samantha Chiew6/29/2017 07:12 PM GMT+08  • 2 min read
Del Monte Pacific reports 57% fall in FY17 earnings to US$24.4 mil
SINGAPORE (June 2017): Del Monte Pacific reported a 57.2% fall in FY17 earnings to US$24.4 million ($33.8 million) from US$57 million a year ago.
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SINGAPORE (June 2017): Del Monte Pacific reported a 57.2% fall in FY17 earnings to US$24.4 million ($33.8 million) from US$57 million a year ago.

This was due to the one-time net gain of US$31.7 million mainly from Del Monte Food Industries’ retirement plan amendment and working capital adjustment last year.

Meanwhile, FY17 results included the US$21.1 million of one-off expenses that were primarily severance, closure of North Carolina plant, and write-off of deferred tax assets.

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