Del Monte Pacific Issues Clarification on Audit Disclaimer

Del Monte Pacific issues a disclosure to clarify the audit disclaimer accompanying its recently filed audited financial statements at the request of the Philippine Stock Exchange.

• Del Monte Pacific clarifies that the audit disclaimer does not constitute a violation of Rule 68 of the Philippine Securities Regulation Code
  • US business had been deconsolidated; results presented as discontinued operations
  • Co. has recognized full impairments on its residual interests in the US operations
  • Philippine and Asian businesses, which constitute its continuing operations, remain fully audited without qualification
• Any further developments in the Chapter 11 proceedings are not expected to materially impact the ...