AgriNurture, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 03:51 am
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AgriNurture, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was PHP 868.35 million compared to PHP 1,109.64 million a year ago. Net income was PHP 19.53 million compared to PHP 66.94 million a year ago. Basic earnings per share from continuing operations was PHP 0.02 compared to PHP 0.08 a year ago.
For the six months, sales was PHP 1,958.18 million compared to PHP 2,311.56 million a year ago. Net income was PHP 57.75 million compared to PHP 84.48 million a year ago. Basic earnings per share from continuing operations was PHP 0.07 compared to PHP 0.1 a year ago.
AgriNurture, Inc. is engaged in importing; trading, and fabricating of post-harvest agricultural machineries intended to manage the productivity, as well as the income of Filipino farmers. It is involved in corporate farming, in all its branches for planting, growing, cultivating, and producing of crops. It operates in four segments: Exports, Distribution, Retail, and Foreign Trading. The Export segment is in charge of looking for markets abroad as well as sourcing the produce possible to satisfy its growing number of clients abroad. Its main export products are fresh banana, fresh mango, and coco-water. The Distribution segment is responsible for the local sales and distribution of various produce that the Company offers to a number of supermarkets around Luzon. The Retail segment is responsible for the management and operation of the Groupâs retail businesses. The Foreign Trading segment is charge of the international distribution operations of the Group in China.
AGRINURTURE, INC. 
