Del Monte Philippines, Inc. (DMPI), a subsidiary of Singapore-listed and PSE-listed Del Monte Pacific Limited (DMPL), announced strong financial results for the first quarter, marking a significant leap towards sustainable growth and profitability.
DMPI achieved a 13% increase in first-quarter sales to P10.2 billion, fueled by a robust 20% surge in international sales driven by strong exports of fresh and packaged pineapple. The Philippine market also rebounded impressively, with DMPI’s net profit soaring by 52% to P1.0 billion, illustrating a powerful turnaround over the same period.
The Philippine market delivered sales of P4.5 billion, reflecting a 6.5% expansion. This growth was supported by all key categories of packaged fruit, beverage, and culinary products exceeding targets and outperforming the same quarter last year. Under new sales leadership, DMPI has revitalized its brand presence with improved offtake, responding to the growing demand in modern trade and general trade/distributor operations, while successfully navigating rising food costs. Notably, e-commerce sales have more than doubled, highlighting the effectiveness of the company’s strategies.
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