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Recently IPO'd Dole reports profit and revenue growth, in face of inflation and supply chain headwinds

·1 min read
Recently IPO'd Dole reports profit and revenue growth, in face of inflation and supply chain headwinds
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Shares of Dole PLC were indicated up nearly 1% in premarket trading Friday, after the fresh fruit and vegetables company, which went public in July, reported a rise in third-quarter profit and revenue, in the face of inflationary pressures and supply chain congestion and labor shortages. Pro-forma net income rose to $29.9 million, or 31 cents a share, from $18.6 million, or 20 cents a share, in the year-ago period. Revenue rose 0.3% to $2.32 billion, while cost of sales grew 0.7% to $2.18 billio