del monte pacific
Del Monte Pacific Q2 net profit jumps six times to US$16.8 million; shares touch two-month high
The improvements reflect strong operational efficiency and market demand, says the dual-listed group
Del Monte expects to raise US$500 million to US$600 million in private placement to tackle debt
The company is also considering asset disposals and engaging bankers on its loans
Del Monte Pacific restates US$443 million loans to non-current status; requests PSE trading suspension to be lifted
The company is suspended from trading in the Philippines over late filing of annual report
Del Monte Pacific gets Philippine Stock Exchange suspension after annual report non-submission
It did not meet the bourse’s extended deadline ‘due to the same reasons disclosed by the company (when) requesting the extension’, Del Monte says
Del Monte Pacific swings into the black in Q1 with US$5.5 million net profit
This is due to higher sales from both the company’s domestic market in the Philippines and international markets
Del Monte Pacific hit by nearly US$800 million in losses from US unit collapse
FY2025 net loss of US$834.4m million includes a full impairment of US$703.5 million from its failed subsidiary
Del Monte Philippines’ FY2025 Ebitda rises 40%, as exports growth drives sales
This comes after its parent, Singapore-listed Del Monte Pacific, says that the developments surrounding its American unit are not likely to disrupt its operations beyond the US
Del Monte Pacific expects capital deficit from write-offs of US unit’s bankruptcy
Its equity investment in Del Monte Foods and receivables due from the unit are expected to be subject to impairment
Del Monte Q3 loss widens to US$35.9 million
This is primarily due to higher operational costs and increased interest expenses at its US subsidiary, which negated the strong performance of its Philippines unit, says group
Del Monte Q2 net loss widens to US$22.2 million on subsidiary’s lower profit, higher interest expense
The unit’s gross profit falls to US$78.5 million, from US$94.4 million
