GLOBAL food and beverage firm Del Monte Pacific Ltd. posted a $127.3 million net loss for its fiscal year ended April 2024 , reversing from the $17-million profit recorded a year earlier, following higher costs, increased interest expenses, and one-off expenses.Full-year sales were maintained at $2.4 billion on stable sales in the US and the Philippines, but gross profit fell 30 percent to $422 million, it announced over the weekend.
We will be relentless in improving our operating and financial performance across all businesses, particularly in the US,' DMPL Managing Director and CEO Joselito Campos Jr. said in a statement.For its fiscal year ending April 2025 , DMPL said it was planning a selective sale of assets and the injection of equity through strategic partnerships.