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

CANNED-food brand Del Monte Pacific Limited on Wednesday reported a net profit of US$30.16 million for the third quarter ended Jan 31, nearly five times that a year ago, when its earnings were weighed down by one-off expenses.

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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.