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Del Monte Pacific's Q4 net profit slumps 87% on one-off expenses

Revenue for the quarter up 3.9%, driven by strong performance in Asia, the Middle East and US

Singapore

ITS United States subsidiary's restructuring expenses coupled with the write-off of deferred tax assets have put a dent on food conglomerate Del Monte Pacific's fourth-quarter net profit.

For the three months as at end- April, net profit plunged 87.4 per cent year-on-year

sentifi.com

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