Del Monte sinks into the red in Q4 on lower margins, higher interest expenses

CANNED food brand Del Monte Pacific on Tuesday (Jun 20) posted a net loss of US$11.9 million for its fourth quarter ended Apr 30, compared with a net profit of US$20 million in the same period last year.

This took the group’s full-year earnings to US$16.9 million, down 83.1 per cent from earnings of US$100 million in FY2022.

Del Monte’s board has approved a final dividend of US$0.0013 per share, down from its US$0.017 per-share payout for FY2022.