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An announcement from Del Monte Pacific ( (SG:D03) ) is now available.
Del Monte Pacific Limited issued a clarification regarding an audit disclaimer on its financial statements for the year ending April 2025. The disclaimer relates to the carrying values of assets and liabilities of its U.S. subsidiary, Del Monte Foods Holdings Ltd., which is undergoing Chapter 11 proceedings. The company emphasized that this disclaimer does not indicate any violation of financial reporting standards and that its core operations remain unaffected. Del Monte has deconsolidated its U.S. operations and recognized full impairments on its residual interests, ensuring accurate asset valuation and protecting investor interests.
More about Del Monte Pacific
Del Monte Pacific Limited, incorporated in the British Virgin Islands, operates in the food industry with a focus on producing and distributing packaged fruits, vegetables, and other related food products. The company has a significant presence in the U.S. market through its subsidiary, Del Monte Foods Holdings Ltd.
Average Trading Volume: 836,221
Technical Sentiment Signal: Sell
Current Market Cap: S$184.7M
For a thorough assessment of D03 stock, go to TipRanks’ Stock Analysis page.