Del Monte Philippines: Posts Net Profit Of P2.6 Billion On Sales Of P27.6 Billion.

20 Jun 2018 10:04

Del Monte Philippines, Inc., the second largest and most profitable subsidiary of Del Monte Pacific Ltd., generated sales of P27.6 billion in the financial year ending April 2018. About two-thirds of DMPI's sales are in the core Philippine market, and the balance in exports which gives the Company a natural hedge against the US dollar. Sales in the Philippines expanded by 6.7% to P16.9 billion, offsetting the marginal 1.9% decline in export sales to P10.6 billion, resulting in a 3.4% growth in total DMPI sales...

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