THE Campos-led Del Monte Pacific Ltd. (DMPL) announced that its net loss for its fiscal second quarter ending October widened to $22.2 million from the previous year’s $8.5 million due to unfavorable operations of its US unit. The net loss of California, United States-headquartered Del Monte Foods Inc.
THE Campos-led Del Monte Pacific Ltd. announced that its net loss for its fiscal second quarter ending October widened to $22.2 million from the previous year’s $8.5 million due to unfavorable operations of its US unit.
For the fiscal first half, the company’s net loss also widened to $56.3 million from a net loss of $21.6 million in the previous year. “We are encouraged by the robust performance of Del Monte Philippines, which reflects our effective strategies and market engagement. However, we acknowledge the challenges faced by our US business and are committed to addressing these issues,” DMPL COO Luis F. Alejandro said. “Our unwavering focus remains on executing our strategic priorities to enhance operational efficiency and financial results across all subsidiaries.
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