Del Monte swings to loss in Q1 on lower revenue
The dual-listed, Philippines firm posts net loss of US$38.3m due to one-off items
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Singapore
DEL Monte Pacific swung to a net loss of US$38.3 million for its first quarter ended July 31, against a profit of US$3 million in the previous corresponding period.
The dual-listed, Philippines company said its revenue fell 14 per cent to US$375.9 million, mainly due to the sale of its Sager Creek vegetable business in September 2017, lower sales in the US and lower exports of processed pineapple products.
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