date:Aug 01, 2013
stated that the increase in net sales was the result of increased selling prices in all of the company's business segments and higher sales volume in its banana and other fresh produce business segments.
Gross profit decreased 9.02% to $105.9m, compared with $116.4m in the same period in 2012, due to higher costs related to the production and procurement of fruit and ocean freight.
Fresh Del Monte Produce chairman and CEO Mohammad Abu-Ghazaleh said, Our growth in the second quarter was fundame