Corporate digest

Del Monte Pacific

DEL MONTE Pacific swung into the black in the third quarter ended Jan 31, 2016, recording a net profit of US$590,000, against a loss of US$2.2 million last year, thanks to the absence of a large provision for inventory as well as foreign exchange losses it had recorded a year ago. The group's revenue slipped 7 per cent to US$594.1 million, due to weaker sales in its US subsidiary Del Monte Foods Inc. This was partially offset by a better performance in the Philippines, where sales grew 6 per cent.

Huan Hsin Holdings