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Del Monte Quality SW Contadina ROMA TOMATOES PREMIUM SINCE 1923 College Inn DEL MONTE PACIFIC LIMITED 9 September 2021 SGX - ST / PSE / MEDIA RELEASE : ( unaudited results for the first quarter ending 31 July 2021 ) Contacts : Iggy Sison Tel : +632 8856 2888 isison@delmontepacific.com Jennifer Luy Tel : +65 6594 0980 jluy@delmontepacific.com Del Monte Pacific Delivers Net Profit of US $ 18 Million in the First Quarter 1Q FY2022 Highlights ● DMPL Group sustained its strong performance from full year FY2021 with net profit of US $ 18.3m in the first quarter , a marked turnaround from the US $ 3.2m loss in the prior year's same quarter • EBITDA rose 77 % to US $ 75.0m ● • • US subsidiary Del Monte Foods increased its EBITDA to US $ 37.5m from US $ 10.4m in prior year's same quarter and delivered a net profit of US $ 4.8m from a loss of US $ 14.3m , sustaining its path to higher profitability coming off its FY2021 turnaround Del Monte Philippines grew its EBITDA by 19 % to US $ 39.9m and net profit by 37 % to US $ 25.6m Group notably reduced its debt / EBITDA to 3.8x from 5.4x last year DMPI and Vinamilk established a joint venture to enter the growing dairy sector in the Philippines Singapore / Manila , 9 September 2021 - Singapore Mainboard and Philippine Stock Exchange dual listed Del Monte Pacific Limited ( " DMPL " or the " Group " ; Bloomberg : DELM SP , DELM PM ) reported today its first quarter FY2022 results ending July . DMPL achieved another strong quarter of profitability with an EBITDA of US $ 75.0 million , a 77 % increase from US $ 42.4 million . Net profit reached US $ 18.3 million , reversing the US $ 3.2 million loss in the prior year's same quarter . The Group significantly improved its margins by 600 basis points to 28.9 % from better sales of higher - margin branded products in the USA and lower costs . 1