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BusinessWorld
December 11, 2020 | 7:50 pm
DEL MONTE Pacific Ltd. (DMPL) said attributable net profit was $21.9 million in the three months to October, turning around from a year-earlier loss of $37.35 million, following improved sales in the Philippines and the US.
In a disclosure on Friday, the food manufacturer said its sales during the second quarter rose 12% year on year to $623.5 million due to better figures in the United States (US) and the Philippines.
The company’s fiscal year bands in April, and the three months to October represent its second quarter.
US subsidiary Del Monte Foods, Inc. (DMFI) posted sales growth of 13% to $446.7 million due to stronger demand in the branded retail segment during the pandemic.