Agrinurture, Inc. Reports Earnings Results for the Full Year Ended December 31, 2019
July 30, 2020 at 11:06 pm
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AgriNurture, Inc. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was PHP 4,535.605 million compared to PHP 3,835.940 million a year ago. Operating income was PHP 128.290 million compared to PHP 126.968 million a year ago. Net income was PHP 8.652 million compared to net loss of PHP 61.005 million a year ago. Basic earnings per share was PHP 0.01 compared to basic loss per share of PHP 0.08 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. 
