|Bid||0.300 x 0|
|Ask||0.305 x 0|
|Day's range||0.305 - 0.305|
|52-week range||0.285 - 0.365|
|PE ratio (TTM)||19.06|
|Forward dividend & yield||0.00 (0.00%)|
|1y target est||0.25|
Operational improvements did their magic. Del Monte Pacific Ltd reported a profit for the quarter ending in January, reversing losses incurred in the previous period. For the past quarter, Del Monte achieved an US$8.46m ($12m) net profit, on the back of strong sales in Asian markets particularly in the Philippines and the operational efficiency improvements resulting in cost reduction.
Del Monte Pacific cannot just count on its main cash generating machine which is in the United States as sales of Del Monte Foods Inc. (DMFI) continues to slump. According to DBS Vickers Securities, the group's headline was dragged mainly by DMFI sales, which dropped 9.3% to US$492m. The group acquired DMFI in 2012.