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Del Monte Pacific: First Quarter FY2021 Results.

24 Sep 2020 08:41

Group sales grew by 10% due to higher consumption of healthy, shelf-stable food at home. USA sales up 14% and Philippines sales expanded by 22%, offsetting lower Fresh sales. EBITDA increased by 16% to US$42.4m, and net loss was significantly reduced to US$3.2m from US$38.3m prior year. Subsidiary Del Monte Philippines, Inc generated a net profit of US$18.7m. DMPI was rated Aaa, the highest credit rating assigned by the Philippine Rating Services Corporation. Reduced Group net debt and gearing, improved operating cash flow...

Attachments:

• DMPL_1QFY2021_PressRelease_FINAL.pdf

Source: ShareInvestor Express