Monday 14 March 2016

Del Monte Pacific - DBS Research 2016-03-14: Turned profitable but below expectations

Del Monte Pacific - DBS Research 2016-03-14: Turned profitable but below expectations DEL MONTE PACIFIC LIMITED D03.SI 

Del Monte Pacific - Turned profitable but below expectations 

  • 3Q16 earnings below expectations 
  • US operations impacted by loss of government contract, higher expenses 
  • FY16F earnings revised up on one-off gains, but core profits lower 
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