Frigoglass S.A.I.C. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 19, 2020 at 01:59 am
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Frigoglass S.A.I.C. Announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was EUR 61.055 million compared to EUR 96.569 million a year ago. Operating income was EUR 255,000 compared to EUR 10.807 million a year ago. Net loss was EUR 7.741 million compared to EUR 1.641 million a year ago. Basic loss per share from continuing operations was EUR 0.02. For the nine months, sales was EUR 269.727 million compared to EUR 384.831 million a year ago. Operating income was EUR 19.065 million compared to EUR 47.397 million a year ago. Net loss was EUR 7.155 million compared to net income of EUR 9.163 million a year ago. Basic loss per share from continuing operations was EUR 0.02 compared to basic earnings per share from continuing operations of EUR 0.03 a year ago.
Frigoglass SA is a Greece-based international group engaged in the manufacture, trade and distribution of commercial refrigeration units and packaging materials primarily used in the beverage industry. Its products include Ice Cold Merchandisers, which are refrigeration units for commercial use; glass containers, including bottles for soft and alcohol drinks, jars used for cosmetics and pharmaceuticals; plastics, which include plastic crates for the beverage industry, polyethylene pipes and plastics for industrial applications; metal crowns used in the sealing of beverage bottles, and home refrigeration, specializing in customized units for corners, pantries and wine cellars for the home use. It has production facilities in Romania, Russia, Greece, Turkey, India, China, Indonesia, South Africa, Nigeria, and the United States. It also has sales offices established across Europe, Africa and Asia. Its customers include Coca-Cola, Carlsberg, Diageo, Heineken and Nestle.
FRIGOGLASS S.A.I.C. 
