USA: Fresh Del Monte posts 22% rise in Q2 earnings
US fruit and vegetable producer and distributor Fresh Del Monte Produce has reported a 22% rise in quarterly earnings, helped by acquisitions, a larger distribution network and the weak dollar. Florida-based Fresh Del Monte reported second-quarter profit of US$81.2m, or $1.42 per share, compared with $66.5m, or $1.18 per share, a year earlier. Analysts had been expecting earnings of $1.27 per share for the quarter, reported Dow Jones News.
US fruit and vegetable producer and distributor Fresh Del Monte Produce has reported a 22% rise in quarterly earnings, helped by acquisitions, a larger distribution network and the weak dollar.
Florida-based Fresh Del Monte reported second-quarter profit of US$81.2m, or $1.42 per share, compared with $66.5m, or $1.18 per share, a year earlier. Analysts had been expecting earnings of $1.27 per share for the quarter, reported Dow Jones News.
The company’s sales rose to $700.6m from $567.2m a year earlier.
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