Fresh Del Monte Produce Inc reported strong financial results for the fourth quarter and full year ended Dec 27, 2002. For the quarter, the company reported
Fresh Del Monte Produce Inc reported strong financial results for the fourth quarter and full year ended Dec 27, 2002. For the quarter, the company reported net income of $35.2 million, compared with $5.3 million in the fourth quarter of 2001.
Net sales for the fourth quarter of 2002 were $487.4 million, compared with $422.0 million for the same period in 2001. The 15% increase in net sales was a result of the company's growth across all product lines.
The company's net income on a full-year basis was $195.2 million, compared with $96.2 million in the prior year. Net sales for the year rose to $2.1 billion from $1.9 billion in 2001.
Gross profit for the fourth quarter of 2002 climbed to $65.2 million, versus gross profit of $51.6 million in fourth-quarter 2001. Gross profit for the year was $336.7 million, compared with gross profit of $282.9 million in the same period in 2001.
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
Why Mirror Camera Systems are the next step for fleet safety and exoneration While many commercial trucking cameras are similarly marketed, they are not all created equally. The...
Discover how modern fleet maintenance software can drive step-change improvements in shop efficiency, cost control and vehicle productivity, along with how to calculate the ROI...
Anyline’s study, “How Digital AI Solutions Can Enhance Rideshare Safety,” reveals rideshare drivers are overly confident in their tire knowledge, risking passenger safety. Download...
Anyline’s innovation allows accurate tire tread measurement via any mobile device, ensuring legal compliance for fleets. Read more and find out how you can cut operating costs...
