Post Reply
21-36 of 36
Do you think that they will push the price above 0.5 in the next months?
DEL MONTE PACIFIC LIMITED (Incorporated in the British Virgin Islands)PROPOSED BONUS SHARE ISSUE The Board of Directors (“Directors”) of Del Monte Pacific Limited (the “Company”) refers to the following announcements made on 8 August 2012:
(i) the Company’s Unaudited Financial Statements and Related Announcement for the period ended 30 June 2012 (announcement no. 00118)
(ii) Proposed Bonus Share Issue Announcement of up to 216,044,498 new ordinary shares in the capital of the Company on the basis of two (2) bonus shares for every ten (10) existing ordinary shares in the capital of the Company held by shareholders (announcement no. 00136) (“Proposed Bonus Share Issue”) and
(iii) Notice of Book Closure Announcement (announcement no. 00141).
On 8 August 2012, the Company announced the Proposed Bonus Share Issue which was subject to the in-principle approval of the Singapore Exchange Securities Trading Limited (the “SGX-ST”).
On 10 August 2012, an amendment to Rule 838 of the SGX-ST Listing Manual became effective requiring listed companies to ensure that the daily weighted average share price, adjusted for a bonus share issue is
not less than S$0.50.
Prior to 10 August 2012, daily weighted average share price, adjusted for a bonus share issue was to be
not less than S$0.20 with which the Company was able to comply.
As at 8 August 2012, the Company’s daily weighted average share price was S$0.4525 (before adjusting for the Proposed Bonus Share Issue).
Under the new amendment of Rule 838, the Company is unable to meet the requirement and will therefore not be able to proceed with the Proposed Bonus Share Issue announced on 8 August 2012.
The Directors wish to assure shareholders that the Board will continue to evaluate other options to increase the liquidity of the Company’s shares in the market and to reward shareholders for their continuing support. These options would include a bonus share issue when the Company is able to comply with the requirements of Rule 838.
By Order of the Board
Yvonne Choo
Company Secretary
21 August 2012
PROPOSED BONUS SHARE ISSUE http://info.sgx.com/webcorannc.nsf/AnnouncementLast3MonthsByCompanyNameAndCategory/756F08D6A9F2A2E448257A60003D8B0C?opendocument Chapter 8 Changes in Capital
http://rulebook.sgx.com/en/display/display_viewall.html?rbid=3271& element_id=5136& print=1
Del Monte Pacific open at 48.0cts (up 3 cts or 6.7%). trading at 48.0-49.0 cts range
PUBLISHED AUGUST 08, 2012
Del Monte Q2 profit up 17.4%, plans 0.72 US cts/shr dividend
Del Monte Pacific Limited on Wednesday posted a 17.4 per cent increase in net profit to US$5.96 million from a year ago, for the fiscal second quarter ended June 30, 2012.
Turnover rose 12.9 per cent year on year to US$108.9 million, due to higher performance in the Philippine market, and the S& W brand, both processed and fresh.
Philippine sales increased by 17 per cent on volume and mix improvements. Higher sales in the Philippines were driven by the strong performance of fruit juices. Del Monte 100 per cent Pineapple Juice's positioning as a daily health maintenance drink was further underlined by the successful advertising campaign behind its Heart Smart juice variant for cholesterol reduction.
The S& W branded business, both processed and fresh, turned in another strong quarter with sales expanding by 66 per cent to US$8.9 million. The group penetrated new markets in the first quarter of 2012 - the Middle East for its processed products, and Japan for its fresh fruit under the S& W brand. These new markets generated higher sales in the second quarter versus the first quarter.
However, export sales declined by 6 per cent on lower industrial pineapple product sales. Export operating income was much lower, down by 55 per cent. With high pineapple supply in Thailand and weak demand in Europe, market pricing had softened significantly.
Earnings per share for the quarter was 0.55 US cents, up from 0.47 US cents a year ago.
Cumulative six months earnings was US$10.37 million, up 57.4 per cent from a year ago, while turnover rose 10.8 per cent to US$183.61 million.
Earnings per share for the period was 0.96 US cents, up from 0.61 US cents a year ago.
An interim dividend of 0.72 US cents per share has been declared. A year ago, the group paid out 0.46 US cents per share in interim dividends.
katak88 ( Date: 08-Aug-2012 19:06) Posted:
|
Business Times - 24 Feb 2012
Del Monte FY2011 profit soars on improved EU sales
By CARINE LEE
Del Monte Pacific Limited on Friday reported a 10.8 per cent decrease in year on year net earnings for the fiscal fourth quarter ended Dec 31, 2011 to US$13.06 million.
Turnover had risen 10.7 per cent from a year ago to US$154.14 million, on the back of higher sales across all major markets.
In the fiscal year ended Dec 31, 2011, Del Monte's earnings increased 73.6 per cent year on year to US$27.44 million, due to better pricing, sales mix, and volume improvements.
Its full year turnover grew by 12.3 per cent year on year to record high of US$425.24 million, driven by improved sales across all major markets, especially Europe.
Earnings per share for the year was 2.54 cents, up from 1.46 cents a year ago.
A final cash dividend of 1.45 US cents per share payable on March 28, has been proposed.
In FY2010, Del Monte declared a final dividend of 1.1 US cents per share. |
Business Times - 10 Nov 2011
Del Monte Q3 profit doubles to US$7.8m
By DOLLY CHIA
FOOD and beverage products group Del Monte Pacific has more than doubled its third-quarter net profit to US$7.8 million - from US$3.3 million a year ago - as revenue climbed 19 per cent to US$105.3 million and gross profit margin rose.
The three months ended Sept 30 saw gross margin rising 2.8 percentage points to 24.2 per cent.
The period also saw a financial gain of US$306,000, against a financial expense of US$1.48 million. This was helped by a foreign exchange gain of US$1.2 million.
Earnings per share for the quarter came to 1.33 US cents, up from 0.31 of a cent a year ago.
For the nine months, revenue grew 13 per cent to US$271.1 million while net profit increased 12-fold to US$14.4 million from US$1.2 million for the same period last year.
Net debt for the quarter increased 28.5 per cent year on year to US$107 million due to higher working capital requirements.
The increase in Q3 revenue was driven by higher sales and strong exports, the latter growing 33 per cent on the back of better prices, sales mix, and increased volume.
Selling prices and margins in Europe improved as the group sold directly into the market following the termination of an unprofitable supply contract in mid-2010.
The group's S& W brand also performed strongly as sales more than doubled to US$5.6 million due to higher sales of canned tropical fruit and fresh fruit to South Korea and China.
The brand entered the China market in the fourth quarter last year and expanded into the Taiwan market recently.
Sales in the Philippines grew 4 per cent.
Sales at the group's Indian joint venture, FieldFresh Foods, rose 49 per cent from the third quarter last year to US$9.3 million this year. Del Monte branded sales in India grew 80 per cent to US$7.4 million, accounting for almost 80 per cent of total sales. But the group recognised an equity loss of US$2.7 million, up 55 per cent from last year due to higher marketing, trade promotion, overhead and depreciation costs after commissioning of the new manufacturing and research facility near Bangalore.
'The international business is now a major profit driver, primarily driven by a new higher-margin business in Europe, and the S& W brand is also beginning to make a meaningful contribution,' said Joselito Campos, managing director and CEO of Del Monte Pacific.
'While the Indian business continues to grow and generate strong volume and sales increases, we are implementing initiatives to improve margins and address the higher than expected losses,' he said.
Del Monte shares closed trading at 45 cents yesterday, up half a cent.
Del Monte Pacific’s 3Q net profit more than doubles to $10m WRITTEN BY THE EDGE TUESDAY, 08 NOVEMBER 2011 21:51 Del Monte Pacific announced today that third quarter (3Q2011) net profit more than doubled to US$7.8 million ($9.9 million) from US$3.3 million a year ago while revenue increased 19% to US$105.3 million from US$88.4 million.
Higher sales across all major markets led to overall improved sales. Exports continued to be a key driver, growing 33% on the back of better prices and sales mix, and increased volume.
The S& W branded business, both processed and fresh, performed strongly as well. Sales more than doubled to US$5.6 million as a result of higher sales of canned tropical fruit and fresh fruit to Korea and China.
The brand entered the China market in the fourth quarter of 2010 and has recorded encouraging sales in that market since then. The group also expanded the brand into the Taiwan market recently.
Sales in the Philippines grew 4% versus the same period last year with improved performance across all major product categories. Processed fruit, canned juice and culinary categories registered double-digit growth.
For the processed fruit category in the Philippines, the lower cash outlay for pineapple tidbits in pouch, sustained its strong sales momentum, while sales of S& W fresh fruit doubled, driven by improved quality control, supermarket outlet expansion and merchandising.
Sales of canned 100% pineapple juices were higher on the back of a high profile advertising campaign promoting their health benefits: immunity, fiber and cholesterol reduction.
The culinary segment registered the highest growth due to improved product taste and packaging size changes, backed by advertising and more extensive distribution.
Meanwhile, the group temporarily limited shipments of drinks in PET to run down inventories in anticipation of the October re-launch of the product with a new formulation.
Group gross profit in the third quarter rose 35% to US$25.5 million from US$18.9 million and gross margin increased to 24.2% from 21.4% on better prices and sales mix. The group also improved pineapple yields and production efficiencies. Furthermore, tomato paste and obsolescence costs were lower.
Sales at the group’s Indian joint venture, FieldFresh Foods, rose 49% to US$9.3 million in the third quarter from the same period last year.
Del Monte branded sales grew by 80% to US$7.4 million, contributing almost 80% of total sales. However, the group recognised an equity loss of US$2.7 million, higher than last year’s US$1.5 million, due to higher marketing, trade promotion, overhead and depreciation costs after the commissioning in December 2010 of the new manufacturing and R& D facility near Bangalore.
The Del Monte brand footprint in India has expanded to approximately 57,000 outlets.
Barring unforeseen circumstances, the group expects to continue delivering improved earnings in 2011. The group expects stronger performance with higher sales from better mix and volume delivering improved margins, coupled with better operational productivity and efficiencies, and active cost management.
Published February 23, 2011 
|
Del Monte Pacific's Q4 profit more than trebles
By MAXIE AW YEONG
FOOD and beverage company Del Monte Pacific Limited yesterday announced a fourth-quarter net profit of US$14.6 million - more than three times that of US$3.92 million a year earlier.
The net profit for full-year 2010 climbed 39.5 per cent from US$11.3 million to US$15.8 million.
The results were in line with expectations that the group's full-year earnings in 2010 would be higher than those of 2009.
The company, which is listed on the Singapore Exchange's mainboard, has attributed the growth to the strong performance in processed fruits and culinary categories in its home market, which grew by 18 per cent.
Its exports also grew by 21 per cent due to strong sales of processed pineapple in North America and Europe. This growth was driven by an improved pineapple supply and its juice concentrate prices.
Managing director and CEO Joselito Campos said: 'Our strong performance in the fourth quarter is a testament that our hard work and initiatives to increase profitability and drive sustainable growth are producing good results.'
This quarter's earnings per share have more than trebled, from 0.36 US cent to 1.36 US cents. Its dividend per share has increased from 0.16 US cent to 1.1 US cents.
Del Monte closed yesterday down a cent at 51 cents. |
Del Monte Pacific's Q4 profit more than trebles - February 23, 2011FOOD and beverage company Del Monte Pacific Limited yesterday announced a fourth -quarter net profit of US$14.6 million - more than three times that of ...DMPL PRESS RELEASE ON FOURTH QUARTER AND FULL YEAR 2010 RESULTS * FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_2D41F0FB4C963A554825783F00310B43/$file/DMPL-4Q10-PressRelease-220211.pdf?openelementDEL MONTE PACIFIC LIMITED - FOURTH QUARTER AND FULL YEAR FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_EB694D969DC7092F4825783F0030EBA3/$file/DMPL-4Q10-MDA-220211.pdf?openelementDEL MONTE PACIFIC - FOURTH QUARTER AND FULL YEAR 2010 RESULTS PRESENTATION FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_E3D6B2434B3C5ED34825783F00313B63/$file/DMPL-4Q10-Presentation-220211.pdf?openelement
Del Monte turns around with 3Q net profit of $4.3m WRITTEN BY THE EDGE MONDAY, 01 NOVEMBER 2010 07:59 Mainboard-listed Del Monte Pacific today announced a third quarter net profit of US$3.3 million ($4.27 million), reversing a net loss of US$1.7 million in the same period last year. Sales rose 16% to US$88.4 million from US$76.3 million due to higher turnover in the Philippines and export markets, both in processed and fresh business segments.
Sales in the Philippines improved 19% with increased sales in all major product categories on higher volume, prices and better sales mix. The group recently launched the Del Monte Fit ‘n Right tea in two flavours - peach and lemon. This extends the popular Fit ‘n Right brand from juice drinks to tea, a new beverage category for the company.
Exports of processed products grew 14% on better prices. As the group’s unprofitable supply contract with a major customer officially ended at the end of May 2010, the group has begun to develop a higher margin business in Europe with market-driven pricing.
Sales of fresh fruit continued to perform strongly, growing by 34% with increased supply and a better mix in favour of higher margins for the premium variety.
Overall, the group increased sales by 16% in the third quarter, which was at a faster pace than in the first and second quarters which expanded by only 9% and 8%, respectively. In addition, the group’s gross margin increased significantly to 21% from 14% in the prior year quarter, and also showed a steady increase against this year’s first and second quarter margins of 16% and 19%, respectively.
Pineapple yields improved versus the same period last year after upgrading and streamlining agricultural practices. Cannery operating costs also declined from greater efficiencies and were further aided by lower tinplate costs. Other initiatives to improve productivity and efficiency have also resulted in a better cost structure and enhanced profitability. These initiatives include increased usage of natural sugar recovered from pineapple and utilising alternative natural sweeteners to mitigate high sugar prices.
For the quarter, the company recognised a share of loss in FieldFresh India of US$1.5 million, higher than last year’s US$0.9 million, but lower than second quarter’s US$2.2 million. Del Monte in India continues to improve market coverage, and is now present in 30 cities and about 30,000 outlets. Del Monte branded sales in India grew threefold for the quarter over the same period last year. FieldFresh recently launched a new mustard sauce, Del Monte Mustard NOW!, in a squeezy pack, expanding its culinary line which currently comprises sauces and ketchups. The new facility of FieldFresh near Bangalore, which will house manufacturing facilities for both juice drinks and culinary products, is gearing up for commercial production by the middle of the fourth quarter.
| Del Monte turns around with 3Q net profit of $4.3m |
| WRITTEN BY THE EDGE |
| MONDAY, 01 NOVEMBER 2010 07:59 |
Mainboard-listed Del Monte Pacific today announced a third quarter net profit of US$3.3 million ($4.27 million), reversing a net loss of US$1.7 million in the same period last year. Sales rose 16% to US$88.4 million from US$76.3 million due to higher turnover in the Philippines and export markets, both in processed and fresh business segments.
Sales in the Philippines improved 19% with increased sales in all major product categories on higher volume, prices and better sales mix. The group recently launched the Del Monte Fit ‘n Right tea in two flavours - peach and lemon. This extends the popular Fit ‘n Right brand from juice drinks to tea, a new beverage category for the company.
Exports of processed products grew 14% on better prices. As the group’s unprofitable supply contract with a major customer officially ended at the end of May 2010, the group has begun to develop a higher margin business in Europe with market-driven pricing.
Sales of fresh fruit continued to perform strongly, growing by 34% with increased supply and a better mix in favour of higher margins for the premium variety.
Overall, the group increased sales by 16% in the third quarter, which was at a faster pace than in the first and second quarters which expanded by only 9% and 8%, respectively. In addition, the group’s gross margin increased significantly to 21% from 14% in the prior year quarter, and also showed a steady increase against this year’s first and second quarter margins of 16% and 19%, respectively.
Pineapple yields improved versus the same period last year after upgrading and streamlining agricultural practices. Cannery operating costs also declined from greater efficiencies and were further aided by lower tinplate costs. Other initiatives to improve productivity and efficiency have also resulted in a better cost structure and enhanced profitability. These initiatives include increased usage of natural sugar recovered from pineapple and utilising alternative natural sweeteners to mitigate high sugar prices.
For the quarter, the company recognised a share of loss in FieldFresh India of US$1.5 million, higher than last year’s US$0.9 million, but lower than second quarter’s US$2.2 million. Del Monte in India continues to improve market coverage, and is now present in 30 cities and about 30,000 outlets. Del Monte branded sales in India grew threefold for the quarter over the same period last year. FieldFresh recently launched a new mustard sauce, Del Monte Mustard NOW!, in a squeezy pack, expanding its culinary line which currently comprises sauces and ketchups. The new facility of FieldFresh near Bangalore, which will house manufacturing facilities for both juice drinks and culinary products, is gearing up for commercial production by the middle of the fourth quarter.
|
| LAST UPDATED ON MONDAY, 01 NOVEMBER 2010 08:00 |
| Title |
: |
Del Monte Asia Pacific's Q1 profit falls 9% on-year to US$5.1m |
| By |
: |
|
| Date |
: |
11 August 2009 2117 hrs (SST) |
| URL |
: |
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/448202/1/.html |
SINGAPORE: Food manufacturer Del Monte Asia Pacific has reported a nine per cent fall in its net profit for the second quarter from the same period last year to US$5.1 million.
Turnover dropped 11 per cent to US$78.9 million, mainly due to lower export sales across markets and the depreciation of the Philippine peso. The firm owns the Del Monte brand in the Philippines.
Exports fell 14 per cent amidst the weak global demand resulting in lower orders across all markets.
But Del Monte noted that this was a much lower rate of decline than the 27 per cent fall seen in the first quarter.
The firm also had to forgo US$5.2 million of sales from its loss-making Chinese unit Great Lakes, which was divested last year.
For the whole year, Del Monte said it expects earnings to at least be maintained at last year's levels.
The firm said it began to bridge its earnings gap in the second quarter of this year versus last year, and this will continue through the third quarter as it maximises the potential of its growing brands and markets.
- CNA/yt
|
DMPL Press Release on 2Q 2009 Results
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_289B74E32BE9F5D24825760F00370472/$file/DMPL-2Q09-PressRelease.pdf?openelement
SECOND QUARTER AND FIRST HALF FINANCIAL STATEMENT AND DIVIDEND ANNOUNCEMENT
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_8CE1CB3116A88C044825760F0036B8CA/$file/DMPL-2Q09-MDA.pdf?openelement
Del Monte Pacific 2Q 2009 Results Presentation
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_2884E2EFB51D10CC4825760F00372E3A/$file/DMPL-2Q09-Presentation.pdf?openelement
DIVIDENDS
The Directors have declared today a final dividend of US$0.0176, representing a 75% payout of second-half net profit of US$25.4 million. Coupled with the interim dividend of 75% of first-half net profit, this translates to a 75% payout of full year profit.
Dividends For the year ended 31 Dec
**************************************** 2008 ************************************* 2007 ***********************
Name of dividend ****** Final Ordinary *** Interim Ordinary *** Final Ordinary *** Interim Ordinary ***
Type of dividend ************ Cash **************** Cash *************** Cash ************** Cash ********
Dividend per share *******
Par value of shares ******* US$0.01 *********** US$0.01 ************ US$0.01 ********** US$0.01 ******
Tax rate ************************ Nil ***************** Nil ******************** Nil ***************** Nil *********
Book closure date *******
Payable date *************
US$ 0.0176 ******** US$ 0.0080 ******** US$ 0.0195 ****** USS$ 0.007312 March 2009 ****15 August 2008 **** 14 March 2008 **** 22 August 200726 March 2009 **** 28 August 2008 **** 27 March 2008 **** 5 September 2007
Business Times - 24 Feb 2009 Del Monte posts 18% drop in Q4 net income
By EMILYN YAP
Del Monte Pacific reported on Tuesday a net profit after non-recurring items of US$19.2 million for the fourth quarter ended Dec 31, 2008 - an 18 per cent drop from a year ago.
This was despite a 16 per cent rise in turnover to US$122.4 million.
Net profit before non-recurring items however, rose 47 per cent to US$20.6 million in Q4. The non-recurring items reflected a gain from the sale of the group's China subsidiary that was more than offset by a foreign exchange forward hedging loss.
For the full year, Del Monte Pacific's net profit after non-recurring items fell by a smaller 4.2 per cent year-on-year to US$37.0 million. Revenue rose 32 per cent to US$381.5 million.
Business Times - 31 Jul 2008
Del Monte posts 3% rise in net profit
Del Monte Pacific Limited reported on Thursday a 3 per cent rise in its second quarter net profit to US$5.58 million or 0.52 US cents per share.
Its bottomline was partly hit by the weaker peso against the greenback.
Turnover for the quarter rose 35 per cent to US$88.58 million, driven by the Philippines market where sales improved by 48 per cent from a year ago.
For the half year, net profit rose 10 per cent to US$11.61 million, while turnover rose 41 per cent to US$160.27 million.
The company said the business environment remains challenging, but both the Philippine market and the export business are expected to expand. Even though input costs are increasing, it said cost cutting measures implemented include product and packaging reformulation, sourcing of alternative lower cost suppliers and materials, energy conservation, and process outsourcing.
The group is expecting its 2008 net income to outperform 2007's, with broad-based growth coming from the Philippine market and export markets.
A dividend of 0.8 US cent per share was declared for the first half ended June 30, 2008. This compares to 0.73 US cent a share a year ago. -- CHOW PENN NEE, BT NEWSROOM
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_8E4EF33F172128A748257497003434DB/$file/DMPL-2Q08-MediaRelease.pdf?openelement
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_60C2A111462AC26F4825749700338B3C/$file/DMPL-2Q08-MDA.pdf?openelement
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_CE22A7CCE0DE9746482574970034AEDE/$file/DMPL-PPT-2Q08.pdf?openelement
| Corporate Action details (e.g. Rights ratio, dividend ratio, tax rate, etc) * |
US$ 0.0080 per ordinary share (tax not applicable) |
| Record Date * |
14-08-2008 |
| Record Time * |
17:00 |
| Date Paid/Payable (if applicable) |
28-08-2008 |
