Del Monte Pacific Reports Unexpected FY2024 Loss

Del Monte Pacific (SG:D03) has released an update.

Del Monte Pacific Ltd. experienced a dramatic downturn in FY2024, posting a net loss of US$115.8 million compared to the previous year’s net profit of US$72.2 million, despite previous expectations of higher profitability. The company attributes the disappointing results to a dip in gross profit margins and an increase in interest costs.

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