Dole quarterly profit falls 18%

Advertiser Staff

Dole Food Co., the world's largest producer of fruit and vegetables, said earnings for its fiscal second quarter fell 18 percent.

Net income fell to $37 million, or 66 cents a share, from $45.1 million, or 81 cents, a year earlier. Sales for the period ended June 16 fell to $1.23 billion from $1.24 billion.

Dole, based in Westlake Village, Calif., was founded in Hawai'i and still is a major landowner in the Islands.