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Del Monte Pacific shares up on Q2 profit surge

Due to a one-time adjustment linked to Del Monte Foods' retirement plan amendment, the group's selling, general and administration expenses in Q2 were reduced by US$39.4 million.


SHARES in Del Monte Pacific soared 36 per cent on Wednesday after the group reported a surge in second-quarter profit, thanks mainly to a one-time adjustment to its expenses.

The counter ended the day at 39.5 Singapore cents, up 10.5 cents from the previous close, amid...

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