DEL MONTE FOODS HOLDINGS LIMITED AND SUBSIDIARIES

Comparative Income Statement

For the Years Ended December 31, 2020,2019,2018.
Increase/Decrease
2020 over 2019
2020 2019 Amount %
Net sales 71,902,480 66,801,899 5,100,581 8
Cost of sales -59,258,681 -55,879,193 -10,903,066 2
Gross profit -59,258,681 10,922,706 -70,181,387 -643
Distribution and selling expenses -5,483,490 -5,592,577 109,087 -2
General and administrative expenses -5,680,279 -5,253,096 -427,183 8
Transaction fees 0 0
Gain on bargain purchase
Other income (expenses) - net -3,373,707 581,108 -3,954,815 -681
Income (loss) from operations -14,537,476 658,141 -15,195,617 -2
Net finance expense -4,823,610 -4,019,769 -803,841 20
Profit (loss) before taxation -19,361,086 -3,361,628 -15,999,458 48

Income tax benefit (expense)- current -70,735 -60,113 -10,622 18

Income tax benefit (expense)- deffered 1,514,763 1,206,631 308,132 26
Profit (Loss) 20,805,114 -2,215,110 23,020,224 -1
 2018 over 2017
2018 2017 Amount %
77,748,622 79,733,479 -10,946,723 -14
-66,053,471 -65,999,327 10,174,278 -15
11,695,151 -65,999,327 -772,445 -7
-6,429,929 -5,472,116 837,352 -13
-7,212,338 -6,844,046 1,959,242 -27
0 0

634,406 107,771 -53,298 -8

-1,312,710 -12,208,391 1,970,851 -150
-3,732,787 -3,798,634 -286,982 8
-5,045,497 -16,007,025 1,683,869 -33

-34,310 -47,235 -25,803 75

-94,705 369,326 1,301,336 -1
-5,174,512 -15,590,464 2,959,402 -57