Del Monte Q3 net profit down 14% to US$25.9m amid inflationary pressures

Singapore

CANNED food brand Del Monte Pacific on Wednesday (Mar 9) posted earnings of US$25.9 million for the third fiscal quarter ended January, down 14 per cent from net profit of US$30.2 million in the corresponding year-ago period.

This took the group's net profit for the 9-month period to US$80.1 million, up 64.2 per cent from earnings of US$48.8 million in the comparable period for the previous year.