Dole Food Company has reported a 10 per cent fall in revenues to US$1.7bn (€1.4bn) during the second quarter to 16 June.
Adjusted EBITDA was US$132m, down from US$161m in the same period of 2011, while comparable income fell from US$89m to US$71m.
Taken with the previous quarter's results, Dole's latest announcement reveals a decline in first-half adjusted EBITDA from US$161m in 2011 to US$132m.
David DeLorenzo, president and CEO, described the results as 'in line with expectations', advising that a strategic review of the business remained a company priority.
'We are exploring transactions that may include a full or partial separation of one or more of our businesses through a spin-off or other capital markets transaction, as well as joint venture and sale transactions.'
Reflecting on Q2's results, he said: 'The positive steps we have taken to restructure our European operations have partially offset the impacts of weaker currencies in Europe.'
