Alliance Select Foods International, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 01:43 am
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Alliance Select Foods International, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 8.58 million compared to USD 11.28 million a year ago. Net income was USD 0.002708 million compared to net loss of USD 0.214892 million a year ago.
For the nine months, sales was USD 23.99 million compared to USD 31.23 million a year ago. Net loss was USD 0.617597 million compared to USD 0.867956 million a year ago. Basic loss per share from continuing operations was USD 0.00025 compared to USD 0.00035 a year ago.
Alliance Select Foods International, Inc. is a Philippines-based company engaged in the business of manufacturing, canning, importing and exporting of food products such as marine, aquaculture and other processed seafoods. Its business activity is the processing, canning, and export of tuna. Its segments include Tuna, Salmon and Rental. It exports its products to Europe, America, Asia, Africa, and the Middle East. It sells processed tuna, including processed tuna products such as canned tuna, tuna in pouches, frozen tuna loins, and a line of tuna marketed under the Bay of Gold brand. It processes various salmon species and manufactures them into smoked and raw products for retail and institutional consumers. It extracts crude fish oil from raw tuna heads for animal feed and for human consumption. It also sells fishmeal, a byproduct of tuna and salmon processing operations. Its subsidiaries include Big Glory Bay Salmon and Seafood Company, Inc., Akaroa Salmon (NZ) Ltd. and others.