SINGAPORE (March 8): Del Monte Pacific has announced a net profit of US$2.6 million (S$3.5 million) for its third quarter ended January 2019 (3QFY19), turning around from the US$38.4 million loss a year ago, due to improved margins.

Excluding one-off items, the group would have registered a 3Q net income of US$3 million, down 11.2% from US$3.4 million a year ago due to the change in the US tax rate.

EBITDA grew 13% to US$39.7 million from US$35.1 million a year ago, although without the one-off expenses related to plant closures in the US, its recurring EBITDA would have been...(click on link for full story on theedgesingapore.com)