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Del Monte Quality SW Contadina ROMA TOMATOES PREMIUM SINCE 1923 College Inn DEL MONTE PACIFIC LIMITED 15 December 2021 SGX - ST / PSE / MEDIA RELEASE : ( unaudited results for the second quarter ending 31 October 2021 ) Contacts : Iggy Sison Tel : +632 8856 2888 isison@delmontepacific.com Jennifer Luy Tel : +65 6594 0980 jluy@delmontepacific.com Del Monte Pacific continues strong performance in 2Q , resulting in a three - fold increase of 1H net profit to US $ 54.1m 2Q FY2022 Highlights • • • DMPL Group continued its strong performance with a net profit of US $ 35.8m in the second quarter , up 64 % from US $ 21.9m in the same period last year US subsidiary Del Monte Foods increased its EBITDA by 23 % to US $ 70.8m and its net profit by 151 % to US $ 22.7m , continuing its path to higher profitability following its FY2021 turnaround Del Monte Philippines grew its EBITDA by 5 % to US $ 40.6m and net profit by 10 % to US $ 26.0m The Group notably reduced its debt / EBITDA to 4.3x from 5.8x last year 1H FY2022 • DMPL grew sales by 7 % to US $ 1.1bn , EBITDA increased by 33 % to US $ 182.3m and net profit tripled to US $ 54.1m compared to the same period last year Singapore / Manila , 15 December 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 second quarter FY2022 results ending October . DMPL delivered another strong quarter of profitability with an EBITDA of US $ 107.4 million , a 14 % increase from US $ 94.4 million . Net profit achieved a 64 % increase to US $ 35.8 million from US $ 21.9 million in the same quarter last year . The Group continued to improve its gross margin by 180 basis points to 27.4 % mainly from better sales mix with increased sales of higher - margin retail branded products in the USA . 1