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Del Monte Pacific 1Q16 Net Loss Narrows

Shares Investment

Del Monte Pacific announced 1Q16 net loss of US$12 million, an improvement of 45.1 percent from the net loss of US$21.9 million last year.

Revenue experienced a jump of 6.1 percent to US$472.8 milion, brought about by an increase in contribution from sales in the Americas by 9 percent, and the Philippines by 7 percent.

The group also achieved an operating profit of US$0.2 million, a turnaround from the US$12.1 million operating loss last year due to non-recurring and acquisition-related expenses, allowing the group to tighten its losses.



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