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Acquisition-related expenses dampen Del Monte Pacific Q3 bottom line

Published Wed, Mar 11, 2015 · 09:50 PM

Singapore

DESPITE higher sales, Del Monte Pacific incurred a US$2.2 million net loss for its fiscal third quarter ended Jan 31, 2015 (Q3 FY2015) as its bottom line was hurt by expenses relating to the acquisition of Del Monte Foods Inc (DMFI).

The group changed its financial-year end to April 30 from Dec 31 to align with that of DMFI, the US subsidiary which it acquired in February last year.

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