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Del Monte turns profit after US operations shed
Manila Bulletin
|August 02 2025
Despite recognizing significant losses from its struggling US division, Del Monte Pacific Limited reported a profit for its latest fiscal year after reclassifying its American operations as discontinued.
“Considering the board changes and the voluntary Chapter 11 filing of DMFHL (Del Monte Foods Holdings Limited) that includes a contemplated sale process, the DMPL Board had decided to classify the U.S. operations as discontinued operations...as of April 30, 2025,” DMPL said in a disclosure to the Philippine Stock Exchange.
Assets and liabilities, specifically associated with the discontinued business, are classified as “Non-current assets held for sale” and “Liabilities directly associated with assets held for sale” in the consolidated balance sheet at the end of fiscal year 2025.
This story is from the August 02 2025 edition of Manila Bulletin.
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