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Del Monte Q1 loss narrows as gross margin rises
Group expects to return to profitability for the year and to pare debt from cash flow in subsequent quarters
Add BT as a preferred sourcePublished Thu, Sep 3, 2015 · 09:50 PM
Singapore
DESPITE higher revenue for its seasonally weak fiscal first quarter, food and beverage company Del Monte Pacific reported a net loss of US$12 million for the three months ended July 31.
The period saw a 15.9 per cent rise in distribution and selling expenses to US$33.9 million and continued substantial interest payments on its debt.
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