29 Aug 2008

Starkist Samoa reports 10 million dollar first quarter loss

10:19 am on 29 August 2008

Del Monte Foods Incorporated, owner of StarKist Samoa in Pago Pago, has reported a US$10.1 million loss in the first quarter ended July 27th.

In the first quarter of the previous year the company recorded a US$3 point 5 million profit .

Two months ago, Del Monte agreed to sell it's seafood business including StarKist to South Korean-based Dongwon.

The sale, which was approved early this month by U.S. regulators, includes StarKist operations in American Samoa and a manufacturing plant in Ecuador.