Del Monte Pacific

Del Monte’s overall earnings have improved tremendously

(Feb 6): The Philippine unit of Del Monte Pacific plans to raise up to US$324 million ($428 million) through a public share sale to pay existing loans, the company said on Tuesday.

SINGAPORE (Sept 22): Del Monte Foods, Inc (DMFI), the US subsidiary of Del Monte Pacific, has entered into an agreement to sell its Sager Creek vegetable business to McCall Farms for a consideration sum of US$55 million ($74.3 million).

SINGAPORE (July 4): DBS Vickers Securities is maintaining its “hold” call on Del Monte Pacific with a lower target price of 32 cents from 36 cents previously.

SINGAPORE (June 28): Del Monte Pacific and the company of a similar name which it has long been in a legal tussle with, Fresh Del Monte Produce, have made peace and instead, joined forces to announce a series of new joint ventures (JVs) in retail and refr

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SINGAPORE (March 10): Del Monte Pacific reported 3Q earnings of US$8.5 million ($12.1 million), a turnaround from the net loss of US$4.8 million from a year ago.

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SINGAPORE (Dec 6): Del Monte Pacific posted earnings of US$20.2 million ($28.7 million) for 2QFY17, a 57.8% decrease from the earnings of US$47.8 million in 2QFY16.

SINGAPORE (Sept 9): DBS is keeping its “hold” call on Del Monte Pacific with an unchanged target price of 37 cents as it awaits the food and beverage (F&B) company’s earnings performance in subsequent quarters.