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Del Monte posts Q4 profit of US$12.3m on one-off gain

Revenue for the quarter fell 8.5% to US$499m from US$545m in Q4 FY2017

Published Fri, Jun 29, 2018 · 09:50 PM

Singapore

A ONE-OFF gain from the purchase of Del Monte Foods Inc (DMFI) loans at a discount in the secondary market gave a fillip to Del Monte Pacific's fourth-quarter results, and the mainboard-listed company posted a Q4 net profit of US$12.3 million, up from US$2.9 million in the year-ago period.

DMFI is the group's US subsidiary.

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