date:Nov 19, 2012
US-based producer and marketer of fruit and fresh vegetables Dole Food has reported a loss of $13.6m for the third quarter of 2012, an improvement from a loss of $47m in 2011.
The narrowing down of the loss can be attributed to a gain-related to an asset sale, as well as lower expenses.
Revenues declined by 6.2% to $1.95bn, compared with $2.08bn in 2011, primarily due to the divestiture of the company's fresh fruit subsidiaries in Spain and Germany.
Adjusted EBIDTA for the quarter increased 2