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Del Monte Pacific profit plunges 97.9%

Costs had surged mainly due to the February 2014 purchase of Del Monte Foods in the US

Singapore

DESPITE soaring revenues, mainboard and Philippines-listed Del Monte Pacific Limited (DMPL), recorded a 97.9 per cent plunge in net profits for the second quarter of FY2015, after taking a US$20.5 million hit from expenses relating to its acquisition of US packaged food producer

sentifi.com

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