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Del Monte swings to net loss in 9 months
The Philippine Star
|March 21, 2024
Del Monte Pacific Ltd. (DMPL) expects to finish its fiscal year 2024 in the red as the company slipped to a net loss in the nine months ending January.
DMPL swung to a net loss of $50.6 million in the first nine months of its fiscal year 2024 from a net profit of $28.9 million in the same period the previous year due to lower operating results.
Gross profit declined by 26 percent year-on-year to $360.4 million on the back of inflationary and higher operating costs.
Sales, however, were maintained at $1.8 billion on stable US and Philippines sales.
Denne historien er fra March 21, 2024-utgaven av The Philippine Star.
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