(Corrects the second bullet point and paragraph six to clarify
that fourth-quarter revenue fell 7 percent to $1.53 billion,
and not 6 percent to $1.04 billion.)
* Q4 EBIT $70 mln vs $47 mln year-ago
* Q4 sales down 7 pct
* Says amended certain credit facilities
* Says sold 3 plants in Latin America to pay down debt
Feb 2 Dole Food Co Inc's DOLE.N
fourth-quarter profit before taxes and interest jumped 49
percent, and the fruit and vegetable producer said it sold
three manufacturing plants in Latin America to pay down debt.
The Westlake, California-based company, which went public in
October last year, said it had amended certain senior secured
credit facilities, which have helped push its nearest debt
maturity to 2013.
Dole also said it reduced its total debt in 2009 by 30
percent to $1.48 billion through asset sales and IPO proceeds.
For the quarter ended Jan. 2, Dole's earnings before
interest and taxes were $70 million, compared with $47 million
a year earlier, as it got a boost from foreign currency
exchange and fuel hedging gains.
However, the company said these gains were offset by higher
marketing spend related to the national roll out of its new
packaged salad items and lower profit from Asian fresh fruits.
Revenue slumped 7 percent to $1.53 billion.
Dole shares closed at $11.86 Monday on the New York Stock
For the alerts, double-click [ID:nWNAB1767]
(Reporting by Shradhha Sharma in Bangalore; Editing by Anil