|Bid||0.1360 x 0|
|Ask||0.1410 x 0|
|Day's range||0.1390 - 0.1440|
|52-week range||0.1160 - 0.1590|
|Beta (5Y monthly)||0.61|
|PE ratio (TTM)||N/A|
|Earnings date||06 Dec 2019|
|Forward dividend & yield||0.01 (5.04%)|
|Ex-dividend date||11 Jul 2019|
|1y target est||0.23|
SINGAPORE (Dec 9): Del Monte Pacific (DMPL), the Singapore- and Philippine-listed food and beverage company, reversed into the red in the second quarter due to one-off expenses.
SINGAPORE (Sept 6): Del Monte Pacific reported a net attributable loss of US$38.3 million, or loss of 2.22 US cents per share, for 1Q20 ended July, compared to earnings of US$3 million in 1Q19, on lower sales and one-off tax expense. Revenue for 1Q20 came in at US$375.9 million, down 14% from a year ago mainly due to the divestiture of the Sager Creek vegetable business in September 2017, lower sales in the US and lower exports of processed pineapple products, partly offset by higher sales in the Philippines and S&W business in Asia. Stripping out Sager Creek’s sales, Del Monte Pacific said group revenue for 1Q20 would have been lower by just 9.2%.
SINGAPORE (June 21): Del Monte Pacific (DMPL), the F&B producer and distributor, swung back into profitability in FY19 with earnings of US$20.3 million ($27.5 million) after 4Q earnings came in at US$6.3 million, more than double from a year ago. The improved gross margin was driven by a strategic upward revision of its retail list prices, lower trade spend and the favourable impact of the divestiture of the low-margin Sager Creek vegetable business in September 2017.
In the latest quarter under review, Del Monte generated US$528.7 million in revenues, down 12% from US$599.8 million the year before due to lower sales from the divested Sager Creek business, as well as lower private label sales. Meanwhile, Del Monte says it continues to address these issues as its key foodservice channels continue to grow. For the 9M ended Jan, Del Monte reported earnings of US$14 million against a loss of US$40.5 million.