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Del Monte Pacific sinks into the red; posts 2Q loss of US$2.82 mil

Samantha Chiew
Samantha Chiew12/5/2017 05:39 PM GMT+08  • 2 min read
Del Monte Pacific sinks into the red; posts 2Q loss of US$2.82 mil
SINGAPORE (Dec 5): Del Monte Pacific (DMP) recorded a loss of US$2.82 million ($3.80 million) in 2Q18 ended Oct, compared to restated earnings of US$20.0 million in 2Q17.
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SINGAPORE (Dec 5): Del Monte Pacific (DMP) recorded a loss of US$2.82 million ($3.80 million) in 2Q18 ended Oct, compared to restated earnings of US$20.0 million in 2Q17.

However, excluding one-off expenses of US$13.1 million due to the closure of three US plants, the group would have recorded earnings of US$10.2 million for the quarter from US$20.8 million a year ago.

Group turnover saw a 1.8% drop to US$624.7 million from a restated US$636.0 million in the previous year, mainly driven by lower sales in the US.

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