Del Monte Pacific shares up on Q2 profit surge

Singapore

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 heavy trading.

The group posted a net profit for the three months ended Oct 31 of US$53.3 million, up from US$185,000 a y…