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Del Monte posts US$8.5 million loss for Q2, net debt swells to US$2.5 billion

Uma Devi

Published Wed, Dec 13, 2023 · 06:26 PM

CANNED food brand Del Monte Pacific on Wednesday (Dec 13) posted a net loss of US$8.5 million for the second fiscal quarter ended October, a reversal from earnings of US$49.5 million in the year-ago period.

On a per-share basis, the group’s losses came in at US$0.0044, versus earnings per share of US$0.0246.

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Financial results

Del Monte narrows Q1 loss to US$13.1 million; inflation, interest rates weigh on margins
Del Monte Pacific cites personal security reasons for not disclosing remuneration

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Companies & Markets

Companies & Markets

Del Monte posts US$8.5 million loss for Q2, net debt swells to US$2.5 billion

Uma Devi

KEYWORDS IN THIS ARTICLE

Companies & Markets

Indonesia’s Vidio is aiming to double subscribers ahead of IPO

DBS Q1 profit up 15% to S$2.95 billion; interim dividend at S$0.54 per share

KKR’s earnings rise 20% on strong management fees, annuities business

Stocks to watch: DBS, Olam, Parkway Life Reit, Japfa, CSE Global

Mastercard’s profit beats as consumer spending defies inflation worries

Google’s payments to Apple reached US$20 billion in 2022, antitrust court documents show

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