Del Monte Pacific LimitedSGX: D03

Del Monte Pacific: Sales up 4% to $537m, but net loss widened; turnaround initiatives underway

· Issued by Del Monte Pacific Limited

Group sales rose 4% to $537m, led by DMPI's strong turnaround, but net loss widened to $34m due to US cost pressures. Gross margin improved sequentially, and asset sales plus cost initiatives are expected to reduce losses in FY2025.

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