DEL Monte Pacific Ltd. (DMPL) said Tuesday that it was optimistic about growth prospects for its fiscal year ending April 2025 given positive developments in its base business in the Philippines, where it will soon celebrate its 100th year of operations.
DEL Monte Pacific Ltd. said Tuesday that it was optimistic about growth prospects for its fiscal year ending April 2025 given positive developments in its base business in the Philippines, where it will soon celebrate its 100th year of operations.'e are seeing good momentum and recovery from a number of areas,' DMPL Chief Financial Officer Parag Sachdeva told investors and analysts, adding that the Philippines was showing good trends, particularly on the retail side.
'We are seeing improvement in our margin and profitability as we see the back of that, and a lot of effort being put in terms of bringing back or restoring the productivity of our plantation, which obviously was a major factor in terms of our lower gross margin on the processed food business and also on our beverage business,' he explainedThe company is also currently addressing two key issues where it is making progress, DMPL Chief Operating Officer Ignacio Sison saidSison noted that...
Monte Pacific Upbeat On Growth
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