Del Monte Pacific Q3 earnings fall 13.4%

DEL Monte Pacific's third-quarter earnings fell 13.4 per cent despite an increase in its turnover, as one-off transaction fees ate into its bottomline.

Net profit attributable to shareholders for the three months ended Sept 30 fell to US$7.2 million, from US$8.3 million a year earlier.

Revenue rose 8.9 per cent to US$127 million, as a result of a strong performance by its non-branded business and…