Philippine food company Del Monte's net profit soared 630.4% in the second quarter, with its stock price rising 12.79% | Lianhe Zaobao
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Philippine food company Del Monte's net profit in the second quarter of fiscal year 2026 soared 630.4% year-on-year, reaching USD 16.8 million. The net profit for the first half of the fiscal year jumped from USD 2.7 million to USD 22.3 million. The company's total sales increased by 10% year-on-year to USD 234.9 million, with growth in both the Philippine and international markets, particularly strong exports of fresh pineapples. Sales for the first half of the fiscal year grew by 11%, reaching USD 438.6 million. Benefiting from strong market demand and improved operational efficiency, Del Monte's stock price rose by 12.79%
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