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Del Monte posts Q2 loss as plants get canned

Chief executive Joselito Campos, Jr says plant divestment was necessary to stay competitive

Singapore

MAINBOARD-LISTED food and beverage company Del Monte Pacific - which is known for its sauces, juices and tinned fruits - posted a net loss for the second quarter, in line with an earlier guidance.

It lost US$37.4 million in the three months to Oct 31, according to results...