DEL Monte Pacific reported a net profit of US$21.85 million for the second quarter ended Oct 31, 2020, reversing from a loss of US$37.35 million a year ago when its earnings were weighed down by one-off expenses.

DEL Monte Pacific reported a net profit of US$21.85 million for the second quarter ended Oct 31, 2020, reversing from a loss of US$37.35 million a year ago.

THE following companies saw new developments that may affect trading of their securities on Thursday:

MAINBOARD-LISTED food and beverage company Del Monte Pacific said its Philippines subsidiary has raised 6.47 billion pesos (S$182.3 million) from the maiden issuance of fixed-rate bonds in a bid to lower borrowing costs while lengthening debt maturity profile.

MAINBOARD-LISTED food producer Del Monte Pacific saw sales spike in the first quarter, driven by higher demand amid the Covid-19 pandemic.

DEL Monte Pacific has sunk into the red with a net loss of US$12.4 million for its fourth quarter ended April 30, compared with a net profit of US$6.3 million a year ago. 

FOOD and beverage company Del Monte Pacific on Thursday said it has sold a 12 per cent stake in its indirect wholly-owned subsidiary Del Monte Philippines, Inc (DMPI) for US$120 million. 

THE following companies saw new developments that may affect trading of their securities on Thursday.

DEL Monte Pacific's subsidiary has raised total financing of US$1.3 billion through a mix of equity and loans, with the bulk of the funds to go towards refinancing the subsidiary's existing loan facilities of approximately US$1.1 billion.

FOOD and beverage company Del Monte Pacific on Monday said it is expecting "some favourable impact" on sales in the US and the Philippines, which is expected to offset the decline in sales in North Asia amid the global Covid-19 pandemic.