Beleaguered fruit producer Chiquita has posted a net loss of US$397.8 million in the first quarter.
The company had a net income of $4.1m last year, but has only recently emerged from Chapter 11 bankruptcy protection.
Although sales increased by nine per cent to $629.5 m in the loss-making period, it appears the firm is burdened by restructuring costs and charges from new accounting rules.
