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Del Monte Pacific fiscal Q3 profit climbs YOY

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Del Monte Pacific fiscal Q3 profit climbs YOY

4912093 said its normalized net income for the fiscal third quarter ended Jan. 31 came to $7.5 million, a rise from $1.7 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 0.5% from 0.3% in the year-earlier period.

Total revenue decreased 6.8% on an annual basis to $594.1 million from $637.6 million, and total operating expenses fell 8.0% from the prior-year period to $559.1 million from $608.0 million.

eported net income came to $590,000, or 0 cents per share, compared to a loss of $2.2 million, or a loss of 0 cents per share, in the year-earlier period.Del Monte Pacific Ltd.

4912093 said its normalized net income for the fiscal third quarter ended Jan. 31 came to $7.5 million, a rise from $1.7 million in the prior-year period.