Del Monte Pacific Limited (DMPL) reported a net profit of US$63.3 million for its fiscal year ending in April 2021 (FY2021), reversing the US$81.4 million loss suffered in the prior fiscal year. In a disclosure to the Philippine Stock Exchange, DMPL said the higher earnings came after the group imp
endIndex:
Metro Manila (CNN Philippines, April 29) Del Monte Philippines Inc. is giving another try to its initial public offering, which could raise the firm up to ₱44 billion, its parent company confirmed.
Del Monte Pacific Limited announced to the local bourse on Thursday that its local subsidiary has filed a registration statement to the Securities and Exchange Commission on its proposed IPO.
The food and beverage company hopes to sell 699.33 million secondary shares along with an over-allotment option of up to 104.9 million shares, its preliminary prospectus revealed. The shares will be sold up to ₱54.80 apiece.
DMPI initially geared up for an IPO in 2018 but shelved its plans at the time, attributing the move to then-volatile market conditions.
Del Monte back in the black on increased product demand inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.