Del Monte Pacific's Net Loss Widens in Fiscal Q1; Revenue Up 4%

MT Newswires

2024/09/11

Del Monte Pacific's (SGX:D03) net loss attributable to owners in fiscal Q1 was up 161.2% year over year to $34.2 million from $13.1 million, according to a filing with the Singapore Exchange on Tuesday.

Loss per share for the period came in at $0.0176 compared to $0.0067 in the year-ago period.

The company's turnover was up 4% year over year to $536.9 million from $516.7 million as Joyba bubble tea sales surged.

Shares of the food and beverage distributor were up over 1% in recent trading.

Price (SGD): S$0.09, Change: S$+0.0010, Percent Change: +1.14%

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