May 05 , 2021
Fresh Del Monte Produce has posted stellar financial results in the first quarter of 2021 despite lower net sales and weather-related headwinds.
The company s net income in the three months ended April 2 more than tripled to $42.7 million from $13.0 million in the prior-year period.
Gross profit rose by 53 percent year-on-year to $105 million for the quarter, and gross profit margin increased to 10%, up from 6%.
Net sales decreased by $29.7 million to $1,088 million, primarily due to lower net sales in the company s fresh and value-added and banana business segments, partially offset by higher sales in the other products and services business segment.
The overall decrease in net sales was driven in part by the continued negative effect of the Covid-19 pandemic on the company s foodservice distribution channel which Del Monte estimates reduced net sales by $19.4 million in the first quarter of 2021.
Port Manatee container trade soars 74 percent in record first fiscal half
Port Manatee’s vibrant containerized cargo trade keeps soaring to record heights, with the number of container units crossing port docks in the six months ended March 31 rising nearly 74 percent over the comparable year-earlier period.
An all-time-high 67,675 twenty-foot-equivalent container units moved through Port Manatee during the first half of the port’s current fiscal year, up 73.7 percent over the prior first-half record of 38,954 TEUs, established in the six months ended March 31, 2020.
“Rapidly escalating volumes of both of Port Manatee’s primary containerized cargo carriers – World Direct Shipping and Fresh Del Monte Produce Inc. – are propelling the unprecedented activity,” said Carlos Buqueras, Port Manatee’s executive director. “Port Manatee is clearly on pace to shatter its full-fiscal-year record of 88,466 TEUs, set in the 12-month period ended Sept. 30, 2020.”
Port-Manatee breaks six-month record for cargo units heraldtribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heraldtribune.com Daily Mail and Mail on Sunday newspapers.
Port Manatee shattering cargo records, data shows Port Manatee By ABC7 Staff | April 15, 2021 at 11:55 AM EDT - Updated April 15 at 11:55 AM
PALMETTO, Fla. (WWSB) - Containerized cargo traffic through Port Manatee has exploded in the last six months, with port officials reporting a 74% increase above the same period a year ago.
“Rapidly escalating volumes of both of Port Manatee’s primary containerized cargo carriers – World Direct Shipping and Fresh Del Monte Produce Inc. – are propelling the unprecedented activity,” Carlos Buqueras, Port Manatee’s executive director, said in a news release.
An all-time-high 67,675 twenty-foot-equivalent container units (TEUs) moved through Port Manatee during the first half of the port’s current fiscal year, up 73.7% over the prior first-half record of 38,954 TEUs, established in the six months ended March 31, 2020.
PALMETTO, FL – Port Manatee’s vibrant containerized cargo trade keeps soaring to record heights, with the number of container units crossing port docks in the six months ended March 31 rising nearly 74 percent over the comparable year-earlier period.
An all-time-high 67,675 20-foot-equivalent container units moved through Port Manatee during the first half of the port’s current fiscal year, up 73.7 percent over the prior first-half record of 38,954 TEUs, established in the six months ended March 31, 2020.
“Rapidly escalating volumes of both of Port Manatee’s primary containerized cargo carriers – World Direct Shipping and Fresh Del Monte Produce Inc. – are propelling the unprecedented activity,” said Carlos Buqueras, Port Manatee’s executive director. “Port Manatee is clearly on pace to shatter its full-fiscal-year record of 88,466 TEUs, set in the 12-month period ended Sept. 30, 2020.”