Del Monte Pacific swings back to profit in 9 mths

CAMPOS-LED fruit canner Del Monte Pacific Ltd. swung to a profit in its fiscal first nine months on the back of a one-off adjustment of $23.4 million after tax as a result of the amendment of the retirement plan of its US unit, Del Monte Foods Inc.

DMPL posted net income of $41.9 million (P1.95 billion) in the nine months to January 2016, a reversal of the $23.9 million loss it incurred in the same period a year earlier.