MANILA, Philippines — Food and beverage conglomerate Del Monte Pacific Ltd. (DMPL) reported an eight percent decline in its Philippine sales for the fiscal year ending April due to the transition in its distributor network. DMPL generated sales of $2 billion during the year, an 11 percent decrease from a year ago. The company attributed the decline to the sale of its Sager Creek vegetable business as well as lower sales in the US, which dropped 14 percent. In the fourth quarter of its fiscal year, DMPL registered sales of $432.6 million, 13 percent lower than the prior year. Among these new products are the Del Monte Citrus Bowls, Del Monte Fruit Crunch Parfaits, Del Monte Veggieful Bites and Contadina Pizzettas.

Source: Philippine Star June 23, 2019 17:25 UTC